"Some Economics of Private Digital Currency" by Hanna Halaburda

Selected Works of Hanna Halaburda

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Some Economics of Private Digital Currency

Economic Analysis of the Digital Economy, University of Chicago Press, 2015 (2014)

Hanna Halaburda, Bank of Canada
Joshua Gans, University of Toronto

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Abstract

This paper reviews some recent developments in digital currency focusing on platform-sponsored currencies such as Facebook Credits. In a model of platform management, we find that it will not likely be profitable for such currencies to expand to become fully convertible competitors to state-sponsored currencies.

Keywords

currency,
digitization,
platforms,
monetary economics

Disciplines

Business Administration, Management, and Operations,
E-Commerce,
Management Sciences and Quantitative Methods and
Other Economics

Publication Date

2014

Citation Information

Joshua Gans and Hanna Halaburda. "Some Economics of Private Digital Currency" Economic Analysis of the Digital Economy, A. Goldfarb, S. Greenstein and C. Tucker (eds), The University of Chicago Press, 2015