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Crypto Currencies and their Destinies in the Future

Author

Listed:
  • Mehmet Hasan Eken

    (Professor of Finance, Kırklareli Univesity, Kırklareli, Turkey)

  • Erkut Baloglu

    (Innovation & Customer Experience Director, Yapi Kredi, Istanbul, Turkey)

Abstract

In this article the features of Crypto Currencies, which are not backed by governments, are investigated with regards to their specialties, usage areas and current structures. In this context the newly invented crypto currencies are compared with currency types that were in use in different periods of history. A similarity between Crypto Currencies and Free Banking Era Banknotes is noticed and thus investigated in details. The possible risks and outcomes with regards to the future usage of crypto currencies are analyzed and elaborated.

Suggested Citation

  • Mehmet Hasan Eken & Erkut Baloglu, 2017. "Crypto Currencies and their Destinies in the Future," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 6(4), pages 01-11, April.
    • Handle: RePEc:rbs:ijfbss:v:6:y:2017:i:4:p:01-11
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    References listed on IDEAS

    as
    1. Joshua S. Gans & Hanna Halaburda, 2015. "Some Economics of Private Digital Currency," NBER Chapters, in: Economic Analysis of the Digital Economy, pages 257-276, National Bureau of Economic Research, Inc.
    2. Hugh Rockoff, 1991. "Lessons from the American Experience with Free Banking," Palgrave Macmillan Books, in: Forrest Capie & Geoffrey E. Wood (ed.), Unregulated Banking, chapter 3, pages 73-129, Palgrave Macmillan.
    3. Oecd, 2015. "Teaching with technology," Teaching in Focus 12, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Corbet, Shaen & Larkin, Charles & Lucey, Brian & Meegan, Andrew & Yarovaya, Larisa, 2020. "Cryptocurrency reaction to FOMC Announcements: Evidence of heterogeneity based on blockchain stack position," Journal of Financial Stability, Elsevier, vol. 46(C).

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