The evolution of fixed-supply and variable-supply currencies
Abstract Competition is analyzed between a fixed-supply currency (e.g. Bitcoin) and a variable-supply currency (e.g. a fiat currency). Two kinds of players support the currencies differently and choose their volume fractions of transactions in each currency. The variable-supply currency enables mone...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Springer Nature
2022-04-01
|
| Series: | Humanities & Social Sciences Communications |
| Online Access: | https://doi.org/10.1057/s41599-022-01150-3 |