On Digital Currencies
收藏NBER2024-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w32159
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资源简介：
I discuss private and central-bank-issued digital currencies, summarizing my prior research. I argue that prices of private digital currencies such as bitcoin follow random walks or, more generally, risk-adjusted martingales. For central bank digital currencies, I argue that they enhance the CBDC
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美国国家经济研究局创建时间：
2024-02-01
