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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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| Опубликовано в:: | MAGKS - Joint Discussion Paper Series in Economics (Band 06-2021) |
|---|---|
| Главные авторы: | , |
| Формат: | Статья |
| Язык: | английский |
| Опубликовано: |
Philipps-Universität Marburg
2021
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| Предметы: | |
| Online-ссылка: | PDF-полный текст |
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MAGKS - Joint Discussion Paper Series in Economics