The Economics of Cryptocurrencies

Description

Cryptocurrencies have had a profound effect on financial markets worldwide. This edited book aims to explore the economic implications of the use of cryptocurrencies. Drawing from chapter contributors from around the world, the book will be a valuable resource on the economics of cryptocurrencies. The intended audience is composed of academics, corporate leaders, entrepreneurs, government leaders, consultants and policy makers worldwide. Over the past few years, the topic of cryptocurrencies has gained global attention and has been the subject of discussion in various news media, in policy-making bodies and government entities, and in financial institutions, classrooms and boardrooms. Despite widespread interest, much remains unknown on what the economic implications of cryptocurrencies are. This book enhances the reader’s understanding of cryptocurrencies, its impact on industry and its implications on the political and economic environment. Drawing from chapter contributions from leading academics and thought leaders from around the world, this book is the definitive guide on the economics of cryptocurrencies. There is scarcity of well conceived, academically grounded literature on the impact of cryptocurrencies on industry, politics and economics. This pioneering book provides up-to-date and in-depth analysis on the subject. The book will be appealing to academic communities, business professionals and entrepreneurs in their quest for better understanding the challenges and opportunities brought about by cryptocurrencies. Consultants, government officials and policy makers will find the information helpful in defining strategic pathways into the future. Cover Half Title Series Title Copyright Contents List of illustrations List of contributors Part I Understanding cryptocurrencies 1 Cryptocurrencies in an economic context: an introduction 2 Understanding the distinctive features of cryptocurrencies 3 Categorization of cryptoassets 4 The economic nature of bitcoin: money, new gold or speculative assets? 5 The microeconomics of cryptocurrencies Part II Cryptocurrencies in industry 6 The sources of cybersecurity threats in cryptocurrency 7 Cryptocurrencies and entrepreneurial finance 8 Crowdfunding and initial coin offerings 9 Cryptocurrencies and trade Part III Political and economic implications of cryptocurrencies 10 Central bank digital currency: aims, mechanisms and macroeconomic impact 11 Crypto money and cryptocurrency competition 12 The geoeconomics of cryptocurrencies: an institutional perspective Index