Is a Secondary Currency Essential? – On the Welfare Effects of a New Currency

The coexistence of cash and digital currencies constitutes a system of parallel currencies. This paper tackles the question whether a new (digital) currency is essential: Does a new currency allow for a better resource allocation even if a fully accepted currency is in circulation and still remains...

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izdano v:MAGKS - Joint Discussion Paper Series in Economics (Band 05-2022)
Autoren: Fuchs, Max, Michaelis, Jochen
Format: Artikel
Jezik:angleščina
Izdano: Philipps-Universität Marburg 2022
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MAGKS - Joint Discussion Paper Series in Economics