ƒ This article focuses on digital currencies issued by Internet platforms such as Facebook and Amazon. Depending on the platform’s business model, its digital currency may be equipped with different attributes that affect how users can acquire, transfer or redeem the digital currency. In most cases, platforms restrict the functionality of their digital currencies to enhance the business model a...

Abstract. The paper highlights the increased international trade and discussion in recent years of digital currencies, also known as virtual currencies or cryptocurrencies, including bilateral coin bitcoin (BTC). Scholars have emphasised need to consider different preconditions, focusing primarily on domestic perspectives payment intermediation within individual countries. inclusion global is m...

The purpose of this paper is twofold: (i) to investigate some the main issues surrounding classification digital currencies, and (ii) identify accounting practices standards tied currencies. This discusses two different types including: central bank currencies (CBDCs) privately issued cryptocurrencies such as Bitcoin. findings study suggest that current do not precisely cover treatment even tho...

Central Bank digital currencies are a challenge to the international monetary and financial system. Since development of cryptocurrency, such as bitcoin, modern world has faced possibility technological transformation providing form payment for economy household. In addition, announcement currency that would have global reach, Libre issued by social network Facebook, raised questions about lega...

Digital currencies are a globally spreading phenomenon that is frequently and also prominently addressed by media, venture capitalists, financial and governmental institutions alike. As exchange prices for Bitcoin have reached multiple peaks within 2013, we pose a prevailing and yet academically unaddressed question: What are users' intentions when changing their domestic into a digital currenc...

Digital currencies have emerged as a new fascinating phenomenon in the financial markets. Recent events on the most popular of the digital currencies--BitCoin--have risen crucial questions about behavior of its exchange rates and they offer a field to study dynamics of the market which consists practically only of speculative traders with no fundamentalists as there is no fundamental value to t...

We introduce a central bank digital currency (CBDC) in the network of financial accounts. Simulating shift deposits by both households and non-financial corporations from banking sector to bank, we model different responses affected institutional sectors. find that introduction CBDC generates funding shortages banks, which may propagate other In addition, significant adjustments balance sheets ...

The optimal design of a central bank digital currency (CBDC) is analyzed in an environment where agents sort into cash, CBDC, and deposits according to their preferences over anonymity security; network effects make the convenience payment instrument depend on number its users. A CBDC can be designed with attributes similar cash or deposits, interest bearing: that closely competes depresses cre...