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Latest articles tagged:

Fiat

2906, 2016

Virtual currencies: Media of exchange or speculative assets?

|29 Jun 2016|Resources|

This paper uses a theoretical model to analyse the dynamic relationship of virtual currency with fiat currency. The model demonstrates that the price impact of potential users and speculators in virtual currencies adversely affects their property as a medium of exchange and renders a crowding out of existing fiat currencies such as the US dollar unlikely

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