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Bitcoin vs. the Buck: Is Currency Competition a Good Thing?

Author

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  • Daniel R. Sanches

Abstract

Ever since the U.S. established a single currency in the 19th century, the idea of private money has evoked panics and bank failures. In the cryptocurrency era, can the dollar stay sound?

Suggested Citation

  • Daniel R. Sanches, 2018. "Bitcoin vs. the Buck: Is Currency Competition a Good Thing?," Economic Insights, Federal Reserve Bank of Philadelphia, vol. 3(2), pages 9-14, April.
    • Handle: RePEc:fip:fedpei:00029
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    File URL: https://www.philadelphiafed.org/-/media/frbp/assets/economy/articles/economic-insights/2018/q2/eiq218-bitcoin.pdf
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    Cited by:

    1. Gronwald, Marc, 2019. "Is Bitcoin a Commodity? On price jumps, demand shocks, and certainty of supply," Journal of International Money and Finance, Elsevier, vol. 97(C), pages 86-92.
    2. Kang, Kee-Youn, 2019. "Cryptocurrency, Delivery Lag, and Double Spending History," MPRA Paper 93598, University Library of Munich, Germany.
    3. Hossein Nabilou, 2020. "Testing the waters of the Rubicon: the European Central Bank and central bank digital currencies," Journal of Banking Regulation, Palgrave Macmillan, vol. 21(4), pages 299-314, December.

    More about this item

    Keywords

    bitcoin; currency;

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