The benefits of central bank digital currency | VOX, CEPR ...

Central banking and Bitcoin: Not yet a threat

Dirk Niepelt

In third-century Rome, Julius Paulus Prudentissimus, chief legal advisor to Emperor Severus Alexander, described the fundamental rationale for a government-issued currency using terms that remain familiar to modern monetary economists. It was, he wrote, a unit of account for the pricing of goods and services, a method of storing value,...

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Date: 2017-12-20 02:12:32

Related topics : virtual & digital currency and payment systems / digital virtual currency and bitcoins / digital currency payment system / digital currency like bitcoin / bitcoin digital currency price