The Economics of Cryptocurrencies

Cryptocurrencies have had a profound effect on financial markets worldwide. This edited book explores the economic implications of the use of cryptocurrencies. Drawing from chapter contributors from around the world, this book is the ultimate resource on the economics of cryptocurrencies.

Autorentext

J. Mark Munoz is a Professor of International Business at Millikin University in Illinois, and a former Visiting Fellow at the Kennedy School of Government at Harvard University. He is a recipient of several awards including four Best Research Paper Awards, an international book award, a literary award, and the ACBSP Teaching Excellence Award among others. Aside from top-tier journal publications, he has authored/edited/co-edited over twenty books such as: Winning Across Borders, International Social Entrepreneurship, Contemporary Microenterprises: Concepts and Cases, Handbook on the Geopolitics of Business, Managerial Forensics, Advances in Geoeconomics and Global Business Intelligence.

Michael Frenkel is Professor of Macroeconomics and International Economics at WHUOitto Beisheim School of Management. He is also the Director of the Center for European Studies (CEUS) at WHU. He received his diploma degree in economics and his doctoral degree from the University of Mainz, Germany. He has extensive international experience resulting from his work with the International Monetary Fund and from various visiting positions, among them with the Harvard University Summer School, the University of Michigan, Georgetown University, Carnegie Mellon University, Emory, University, Brandeis University and Chulalongkorn University (Thailand). He serves on the editorial board of the Global Finance Journal, the Journal of Economics and Statistics and the Journal for Markets and Ethics.

Inhalt

Part I: Understanding Cryptocurrencies 1. Cryptocurrencies in an economic context : An introduction 2. Understanding the distinctive features of cryptocurrencies 3. Categorization of Crypto-Assets 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