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

^*この研究の対応する著者

大学院経営管理研究科

研究成果: Article › 査読

16 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
巻	60
号	1
DOI	https://doi.org/10.15057/30361
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

文献へのアクセス

10.15057/30361

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引用スタイル

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