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020 _a9789811955914
_9978-981-19-5591-4
024 7 _a10.1007/978-981-19-5591-4
_2doi
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072 7 _aKCB
_2bicssc
072 7 _aBUS039000
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082 0 4 _a339
_223
100 1 _aKitamura, Yukinobu.
_eauthor.
_4aut
_4http://id.loc.gov/vocabulary/relators/aut
245 1 0 _aQuest for Good Money
_h[electronic resource] :
_bPast, Present and Future /
_cby Yukinobu Kitamura.
250 _a1st ed. 2022.
264 1 _aSingapore :
_bSpringer Nature Singapore :
_bImprint: Springer,
_c2022.
300 _aXV, 151 p. 25 illus., 12 illus. in color.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 1 _aHitotsubashi University IER Economic Research Series,
_x2524-5147 ;
_v48
505 0 _aPreface -- Chapter 1 Overview of the History of Money -- Chapter 2 On the Choice of Optimal Currency Denominations -- Chapter 3 The Impact of Denomination Choice on Commercial Trading: A Policy Evaluation of a New Iraqi Monetary System -- Chapter 4 Diffusion of Electronic Money and Choice of Payment Methods -- Chapter 5 The Impact of Electronic Money on Demand for Cash: Time Series Analysis -- Chapter 6 Can We Stabilize the Price of a Cryptocurrency? Understanding the Design of Bitcoin and Its Potential to Compete with Central Bank Money -- Chapter 7 A Cashless Society: Facts and Issues -- Chapter 8 The Future of Money or Quest for Good Money .
506 0 _aOpen Access
520 _aThis open access book examines the history and role of money. Money is often defined in terms of three interrelated functions: as a medium of exchange, store of value and unit of account. Researchers frequently discuss the first two functions, but tend to ignore unit of account. This book focuses on how a unit of account or denomination can be defined and can be derived from the monetary system. In the case of paper money and coins, we know how to determine the denomination of money based on the problem of the least number of weights defined by Bâchet and proved by Hardy and Wright (1960). However, in the case of digital or cryptocurrency, denomination may not matter because digital or cryptocurrency uses a wallet that is essentially denomination free: a wallet can contain any amount of currency without upper and lower limits. When people talk about the stablecoin, i.e. the stable price of digital and cryptocurrency with the major legal tender, they take a unit of accountor denomination of digital or cryptocurrency as given. This arrangement destroys the nature of denomination free or decentralized autonomy as it were. Exploring how we can consolidate with these two views of denomination, this book will appeal to anyone interested in creating new digital or cryptocurrencies. It also serves as a textbook on central bank digital currency.
650 0 _aMacroeconomics.
650 0 _aFinancial services industry.
650 1 4 _aMacroeconomics and Monetary Economics.
650 2 4 _aFinancial Services.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer Nature eBook
776 0 8 _iPrinted edition:
_z9789811955907
776 0 8 _iPrinted edition:
_z9789811955921
776 0 8 _iPrinted edition:
_z9789811955938
830 0 _aHitotsubashi University IER Economic Research Series,
_x2524-5147 ;
_v48
856 4 0 _uhttps://doi.org/10.1007/978-981-19-5591-4
912 _aZDB-2-ECF
912 _aZDB-2-SXEF
912 _aZDB-2-SOB
999 _c37606
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