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Currency, Financial System And Virtual Space. A Microeconomic Approach

Author

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  • DIMITRIU, Mihail

    (“Victor Slăvescu” Centre for Financial and Monetary Research, Romanian Academy, Bucharest, Romania)

Abstract

The 21st century will be strongly marked by the emergence and development of virtual space. The international financial system will make full use of the benefits of this artefact. What will be more difficult to accept is that everything related to virtual space means collecting, processing, using and storing information, and so! What is currently the subject of many studies under the name of virtual currency is based only on users' trust in a symbol, information. At the level of companies, the use of this virtual space has many advantages but also risks. This paper attempts to formalize, in the form of additional costs and revenues, the result of companies' actions in the virtual space.

Suggested Citation

  • DIMITRIU, Mihail, 2017. "Currency, Financial System And Virtual Space. A Microeconomic Approach," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 4(1), pages 261-265.
    • Handle: RePEc:vls:rojfme:v:4:y:2017:i:1:p:261-265
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    References listed on IDEAS

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    More about this item

    Keywords

    virtual space; information; virtual currency;
    All these keywords.

    JEL classification:

    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • 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

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