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When Does the Introduction of a New Currency Improve Welfare?
In recent years, cryptocurrencies such as Bitcoin have emerged, in upcoming years, corporate currencies such as Libra (Diem) and central bank digital currencies will emerge even in low-inflation developed economies. Using the dual currency search model of Kiyotaki and Wright (1993), we show how the...
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| Publicado en: | MAGKS - Joint Discussion Paper Series in Economics (Band 06-2021) |
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| Autoren: | , |
| Formato: | Artigo |
| Idioma: | inglés |
| Publicado: |
Philipps-Universität Marburg
2021
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| Schlagworte: | |
| Acceso en liña: | Texto completo PDF |
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MAGKS - Joint Discussion Paper Series in Economics