Can we stabilize the price of a cryptocurrency?: Understanding the design of bitcoin and its potential to compete with central bank money＊

Mitsuru Iwamura; Yukinobu Kitamura; Tsutomu Matsumoto; Kenji Saito

doi:10.15057/30361

Can we stabilize the price of a cryptocurrency? Understanding the design of bitcoin and its potential to compete with central bank money^＊

Mitsuru Iwamura, Yukinobu Kitamura^*, Tsutomu Matsumoto, Kenji Saito

^*Corresponding author for this work

Graduate School of Business and Finance

Research output: Contribution to journal › Article › peer-review

11 Citations (Scopus)

Abstract

Although Bitcoin was designed as a payment vehicle and as a store of value, it seems unlikely that currencies provided by central banks are at risk of being replaced, primarily because of the market price instability of Bitcoin. We diagnose the instability as being a symptom of the lack of flexibility in the Bitcoin supply schedule - a predetermined algorithm

Original language	English
Pages (from-to)	41-60
Number of pages	20
Journal	Hitotsubashi Journal of Economics
Volume	60
Issue number	1
DOIs	https://doi.org/10.15057/30361
Publication status	Published - 2019 Jan 1

ASJC Scopus subject areas

Business, Management and Accounting(all)
Economics and Econometrics

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10.15057/30361

Cite this

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Can we stabilize the price of a cryptocurrency? Understanding the design of bitcoin and its potential to compete with central bank money^＊

Abstract

ASJC Scopus subject areas

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Cite this

Can we stabilize the price of a cryptocurrency? Understanding the design of bitcoin and its potential to compete with central bank money＊

Abstract

ASJC Scopus subject areas

Access to Document

Other files and links

Fingerprint

Cite this

Can we stabilize the price of a cryptocurrency? Understanding the design of bitcoin and its potential to compete with central bank money^＊