Arbeitspapier

Some economics of private digital currency

This paper reviews some recent developments in digital currency, focusing on platform-sponsored currencies such as Facebook Credits. In a model of platform management, we find that it will not likely be profitable for such currencies to expand to become fully convertible competitors to state-sponsored currencies.

Language
Englisch

Bibliographic citation
Series: Bank of Canada Working Paper ; No. 2013-38

Classification
Wirtschaft
Market Structure, Pricing, and Design: Monopoly
Economics of Regulation
Subject
Bank notes
Economic models
Payment clearing and settlement systems

Event
Geistige Schöpfung
(who)
Gans, Joshua S.
Halaburda, Hanna
Event
Veröffentlichung
(who)
Bank of Canada
(where)
Ottawa
(when)
2013

DOI
doi:10.34989/swp-2013-38
Handle
Last update
10.03.2025, 11:45 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Gans, Joshua S.
  • Halaburda, Hanna
  • Bank of Canada

Time of origin

  • 2013

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