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How do private digital currencies affect government policy?

Author: Max Raskin; Fahad Saleh; David L Yermack; National Bureau of Economic Research,
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 2019.
Series: Working paper series (National Bureau of Economic Research), no. 26219.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
This paper provides a systematic evaluation of the different types of digital currencies. We express skepticism regarding centralized digital currencies and therefore focus our economic analysis on private digital currencies. Specifically, we highlight the potential for private digital currencies to improve welfare within an emerging market with a selfish government. In that setting, we demonstrate that a private  Read more...
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Details

Genre/Form: History
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Max Raskin; Fahad Saleh; David L Yermack; National Bureau of Economic Research,
OCLC Number: 1119666185
Notes: "September 2019"
Description: 1 online resource (21 pages) : illustrations.
Series Title: Working paper series (National Bureau of Economic Research), no. 26219.
Responsibility: Max Raskin, Fahad Saleh, David Yermack.

Abstract:

This paper provides a systematic evaluation of the different types of digital currencies. We express skepticism regarding centralized digital currencies and therefore focus our economic analysis on private digital currencies. Specifically, we highlight the potential for private digital currencies to improve welfare within an emerging market with a selfish government. In that setting, we demonstrate that a private digital currency not only improves citizen welfare but also encourages local investment and enhances government welfare.

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