A Perspective on Electronic Alternatives to Traditional Currencies

Sveriges Riksbank Economic Review 2017:1, 126-148

23 Pages Posted: 23 Jan 2017

See all articles by Gabriele Camera

Gabriele Camera

Chapman University - Economic Science Institute; University of Bologna - Dept. of Economics

Date Written: January 20, 2017

Abstract

The institution of money is rapidly evolving thanks to developments in computer-based cryptography. Technological advances have made possible the creation of cost-effective electronic alternatives to banknotes and coins, which are the traditional physical currencies. This document aims to describe — based on scientific literature — the use and characteristics of money, some of the problems associated with issuing a new currency or a new payment instrument, and the possible comparative advantages of a central bank in leading the way relative to private issuers.

Suggested Citation

Camera, Gabriele, A Perspective on Electronic Alternatives to Traditional Currencies (January 20, 2017). Sveriges Riksbank Economic Review 2017:1, 126-148. Available at SSRN: https://ssrn.com/abstract=2902721

Gabriele Camera (Contact Author)

Chapman University - Economic Science Institute ( email )

Orange, CA 92866
United States

HOME PAGE: http://www1.chapman.edu/~camera/

University of Bologna - Dept. of Economics ( email )

Strada Maggiore 45
Bologna, 40125
Italy

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