PT  - JOURNAL ARTICLE
AU  - Jon Nicolaisen
AU  - Peder Østbye
TI  - Useful Money and Cryptocurrencies
AID  - 10.3905/joi.2019.28.3.062
DP  - 2019 Mar 31
TA  - The Journal of Investing
PG  - 62--69
VI  - 28
IP  - 3
4099  - https://pm-research.com/content/28/3/62.short
4100  - https://pm-research.com/content/28/3/62.full
AB  - Cryptocurrencies aim at substituting the operations of trusted financial institutions with decentralized operations, including the monetary functions provided by central banks. This article addresses some fundamental questions. Can cryptocurrencies, with no institutions behind them, really function as useful money? Can cryptocurrencies improve our payment system? What are the risks? And how should central banks and other policy makers respond to cryptocurrencies?TOPICS: Currency, portfolio construction, wealth management