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

*この研究の対応する著者

研究成果: Article査読

12 被引用数 (Scopus)

抄録

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

本文言語English
ページ(範囲)41-60
ページ数20
ジャーナルHitotsubashi Journal of Economics
60
1
DOI
出版ステータスPublished - 2019 1月 1

ASJC Scopus subject areas

  • ビジネス、管理および会計(全般)
  • 経済学、計量経済学

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