Global service nature of contemporary crypto-currencies
The article deals with the problem caused by the crisis of the Jamaican currency system, namely, with the search for new forms of money that can replace dollars in international transactions. Alternative currency as the best global option has been searched both by national governments and internatio...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Kyiv National Economic University named after Vadym Hetman
2014-01-01
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| Series: | International Economic Policy |
| Subjects: | |
| Online Access: | http://www.iepjournal.com/journals_eng/20/2014_4_Molchanova_Solodkovskyy_eng.pdf |
| _version_ | 1818232808826470400 |
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| author | Ellana Molchanova Yuriy Solodkovskyy |
| author_facet | Ellana Molchanova Yuriy Solodkovskyy |
| author_sort | Ellana Molchanova |
| collection | DOAJ |
| description | The article deals with the problem caused by the crisis of the Jamaican currency system, namely, with the search for new forms of money that can replace dollars in international transactions. Alternative currency as the best global option has been searched both by national governments and international organisations, as well as the world’s leading scientists. All current studies, and our research, are based on historical definition of the nature, forms and other aspects of money. The theoretical principles that have been studied helped confirm our hypotheses about the existence of absolutely new forms of money, including electronic. In this study, we proved that there are all necessary prerequisites for existence of electronic money as a new global currency. The key risks and possible directions of their neutralising were analysed. This allowed reviewing the hypothesis of introduction of fiduciary electronic money, studying historical facts of their existence and substantiating their implementation |
| first_indexed | 2024-12-12T11:12:11Z |
| format | Article |
| id | doaj.art-e058bdc23a3c473f8e06919b8ea95da9 |
| institution | Directory Open Access Journal |
| issn | 1811-9832 1812-0660 |
| language | English |
| last_indexed | 2024-12-12T11:12:11Z |
| publishDate | 2014-01-01 |
| publisher | Kyiv National Economic University named after Vadym Hetman |
| record_format | Article |
| series | International Economic Policy |
| spelling | doaj.art-e058bdc23a3c473f8e06919b8ea95da92022-12-22T00:26:16ZengKyiv National Economic University named after Vadym HetmanInternational Economic Policy1811-98321812-06602014-01-011205572Global service nature of contemporary crypto-currenciesEllana MolchanovaYuriy SolodkovskyyThe article deals with the problem caused by the crisis of the Jamaican currency system, namely, with the search for new forms of money that can replace dollars in international transactions. Alternative currency as the best global option has been searched both by national governments and international organisations, as well as the world’s leading scientists. All current studies, and our research, are based on historical definition of the nature, forms and other aspects of money. The theoretical principles that have been studied helped confirm our hypotheses about the existence of absolutely new forms of money, including electronic. In this study, we proved that there are all necessary prerequisites for existence of electronic money as a new global currency. The key risks and possible directions of their neutralising were analysed. This allowed reviewing the hypothesis of introduction of fiduciary electronic money, studying historical facts of their existence and substantiating their implementationhttp://www.iepjournal.com/journals_eng/20/2014_4_Molchanova_Solodkovskyy_eng.pdfMoneycontemporary moneyelectronic moneyfiduciary moneyfiat moneyfixed and floating exchange rateexchange regimesdigital currenciescrypto-currency |
| spellingShingle | Ellana Molchanova Yuriy Solodkovskyy Global service nature of contemporary crypto-currencies International Economic Policy Money contemporary money electronic money fiduciary money fiat money fixed and floating exchange rate exchange regimes digital currencies crypto-currency |
| title | Global service nature of contemporary crypto-currencies |
| title_full | Global service nature of contemporary crypto-currencies |
| title_fullStr | Global service nature of contemporary crypto-currencies |
| title_full_unstemmed | Global service nature of contemporary crypto-currencies |
| title_short | Global service nature of contemporary crypto-currencies |
| title_sort | global service nature of contemporary crypto currencies |
| topic | Money contemporary money electronic money fiduciary money fiat money fixed and floating exchange rate exchange regimes digital currencies crypto-currency |
| url | http://www.iepjournal.com/journals_eng/20/2014_4_Molchanova_Solodkovskyy_eng.pdf |
| work_keys_str_mv | AT ellanamolchanova globalservicenatureofcontemporarycryptocurrencies AT yuriysolodkovskyy globalservicenatureofcontemporarycryptocurrencies |