RT Journal Article
SR Electronic
T1 Useful Money and Cryptocurrencies
JF The Journal of Investing
FD Institutional Investor Journals
SP 62
OP 69
DO 10.3905/joi.2019.28.3.062
VO 28
IS 3
A1 Nicolaisen, Jon
A1 Østbye, Peder
YR 2019
UL http://joi.pm-research.com/content/28/3/62.abstract
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?