Some Economics of Private Digital CurrencyEconomic Analysis of the Digital Economy, University of Chicago Press, 2015 (2014)
AbstractThis 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.
- monetary economics
Citation InformationJoshua 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