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Digitaler Euro : resiliente Alternative zum Bargeld?

Schmal, Wolfgang Benedikt; Köhler, Ekkehard A. - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 103 (2023) 9, pp. 585

Persistent link: https://www.econbiz.de/10014369315

Cryptocurrency Economics and the Taxation of Block Rewards

Sutherland, Abraham - 2019

This report argues that including proof-of-stake cryptocurrency block rewards in gross income when the reward tokens are first created results in inequitable taxation and would discourage U.S. taxpayers from participating in this new technology. The better approach is to tax reward tokens when...

Persistent link: https://www.econbiz.de/10012861553

iCurrency?

Kakushadze, Zura - 2020

We discuss the idea of a purely algorithmic universal world iCurrency set forth in: "https://ssrn.com/abstract=2542541" https://ssrn.com/abstract=2542541 and expanded in: "https://ssrn.com/abstract=3059330" https://ssrn.com/abstract=3059330 in light of recent developments, including Libra. Is...

Persistent link: https://www.econbiz.de/10012847994

Bitcoin, Libra und digitale Zentralbankwährungen : ein Geldsystem der Zukunft?

Groß, Jonas; Herz, Bernhard; Schiller, Jonathan - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 100 (2020) 9, pp. 712-717

Seit der Einführung von Bitcoin 2008 und vieler anderer Kryptowährungen ist eine neue Welle innovativer Zahlungsprojekte im Gange, darunter Innovationen wie Libra - als supranationaler Stablecoin konzipiert - und digitale Zentralbankwährungen. Diese privaten und öffentlichen Projekte sind...

Persistent link: https://www.econbiz.de/10012313602

Should central banks issue digital currency?

Keister, Todd; Sanches, Daniel - 2019

We study how the introduction of a central bank-issued digital currency affects interest rates, the level of economic activity, and welfare in an environment where both central bank money and private bank deposits are used in exchange. Banks in our model are financially constrained, and the...

Persistent link: https://www.econbiz.de/10012058995

Отношение государства к криптовалюте как индикатор его доверия к обществу (The State’s Attitude to Cryptocurrency as an Indicator of Its Trust in Society)...

Antoncheva, Olga; Fpanasenko, Tatiana - 2021

Russian Abstract Предлагается обоснование применимости индикаторов доверия государства к гражданскому обществу, т. е веры государства в лояльность к нему общества и в...

Persistent link: https://www.econbiz.de/10013242228

Money and banking with reserves and CBDC

Niepelt, Dirk - 2022 - This version: October 28, 2022

We analyze retail central bank digital currency (CBDC) in a two-tier monetary system with bank deposit market power and externalities from liquidity transformation. Resource costs of liquidity provision determine the optimal monetary architecture and modified Friedman (1969) rules the optimal...

Persistent link: https://www.econbiz.de/10013440005

Digital Euro, Monetary Objects and Price Stability—a Legal Analysis

Zellweger-Gutknecht, Corinne; Geva, Benjamin; … - 2021

complement—a digital euro—becomes increasingly necessary. Accordingly, the article concludes that the ECB is both entitled and … obliged de lege lata to issue a digital euro on the basis of Article 128 TFEU. It further explains that neither tangible cash … nor a digital euro can simultaneously be used as instruments in themselves to maintain price stability …

Persistent link: https://www.econbiz.de/10013230072

Cryptocurrencies, Central Bank Digital Cash, Traditional Money : Does Privacy Matter?

Masciandaro, Donato - 2018

The aim of this paper is to analyze the demand of both traditional and new media of exchange – as cryptocurrencies and central bank digital currencies – proposing a novel specification of the demand for money. In this specification, the medium of payment (MOP) has three properties: the first...

Persistent link: https://www.econbiz.de/10012907412

The Digital Programmable Euro, Libra and CBDC : Implications for European Banks

Sandner, Philipp - 2020

Euro initiatives, such as the Libra stablecoin, and CBDCs, on banks. We find that both Libra and a Euro CBDC might heavily … to develop new business models stemming from these initiatives. Therefore, Libra and a CBDC Euro should not only be seen …

Persistent link: https://www.econbiz.de/10012826988

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