التفاصيل البيبلوغرافية
| العنوان: |
Cryptocurrencies from an Austrian perspective |
| المؤلفون: |
Alistair Milne |
| سنة النشر: |
2017 |
| المجموعة: |
Loughborough University: Figshare |
| مصطلحات موضوعية: |
Business and Management not elsewhere classified, 100-percent reserved banking, Bank payments, Bank reserves, Bitcoin, Blockchain, Central counterparties, the Chicago plan, Clearing and settlement, Credit money, Cryptography, Commodity money, Digital currency, Distributed ledgers, Electronic currency, Fiat money, Fiduciary media |
| الوصف: |
Placing bank and fiat money off balance sheet, using the distributed transaction technologies of Bitcoin and other cryptocurrencies, avoids the need for centralised payment settlement (in central bank money). Just like earlier proposals for ‘narrow-banking’ or 100-percent reserving this prevents bank failure disrupting monetary transactions. Unlike those earlier proposals banks can continue using fractional reserving with ‘x-percent reserving’ offering fine-grained control of unsustainable money and credit expansions. This reform helps achieve monetary outcomes desired by the Austrian school of economics: reducing the need for bank regulation, lender of last resort and bank bail-out. |
| نوع الوثيقة: |
report |
| اللغة: |
unknown |
| العلاقة: |
2134/37319; https://figshare.com/articles/preprint/Cryptocurrencies_from_an_Austrian_perspective/9497750Test |
| الإتاحة: |
https://figshare.com/articles/preprint/Cryptocurrencies_from_an_Austrian_perspective/9497750Test |
| حقوق: |
CC BY-NC-ND 4.0 |
| رقم الانضمام: |
edsbas.BC400D7E |
| قاعدة البيانات: |
BASE |
