IDEAS home Printed from https://ideas.repec.org/a/cai/repdal/redp_323_0397.html
   My bibliography  Save this article

De Libra 1.0 à Libra 2.0 (Diem) : entre échec programmé et pertinence renouvelée pour l’économie politique

Author

Listed:
  • Marc Pilkington

Abstract

We reflect on the announcement by Facebook in June 2019 of the launch of Libra, a digital currency, managed by a consortium of private players, backed by a basket of fiat currencies. In a first part, we analyze the nature of this two-step project corresponding to two successive versions, respectively Libra 1.0 and Libra 2.0 (Diem). In a second part, we put forward a critical evaluation of Libra 1.0 by mobilizing crucial issues such as the emergence of private monies, the comparison with currency boards, and the confidentiality of personal data. Even if all these issues are far from satisfactorily settled, we investigate in a third part the renewed potential of the rebooted project through the underlying monetary governance mode as well as the complex link with central bank digital currencies (CBCD).

Suggested Citation

  • Marc Pilkington, 2022. "De Libra 1.0 à Libra 2.0 (Diem) : entre échec programmé et pertinence renouvelée pour l’économie politique," Revue d'économie politique, Dalloz, vol. 132(3), pages 397-420.
    • Handle: RePEc:cai:repdal:redp_323_0397
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=REDP_323_0397
    Download Restriction: free
    File URL: http://www.cairn.info/revue-d-economie-politique-2022-3-page-397.htm
    Download Restriction: free
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ipert, Chloé & Mauer, René, 2023. "Infrastructural or organizational decentralization? Developing a typology of blockchain ventures," Technological Forecasting and Social Change, Elsevier, vol. 197(C).

    More about this item

    Keywords

    cryptocurrency; blockchain technology; central bank digital currency; D85; E42; M20; O33;
    All these keywords.

    JEL classification:

    • D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:repdal:redp_323_0397. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jean-Baptiste de Vathaire (email available below). General contact details of provider: https://www.cairn.info/revue-d-economie-politique.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.