Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/313172 
Year of Publication: 
2022
Citation: 
[Journal:] Digital Finance [ISSN:] 2524-6186 [Volume:] 4 [Issue:] 2 [Publisher:] Springer International Publishing [Place:] Cham [Year:] 2022 [Pages:] 127-131
Publisher: 
Springer International Publishing, Cham
Abstract: 
My comment on Weber and Staples (Digit Financ, https://doi.org/10.1007/s42521-022-00064-8 , 2022) elaborates an economic perspective of their "programmable money" proposal. While claims issued and tendered for goods and services resemble money, a number of issues must be resolved before this innovation is feasible as money in analog trade or digital finance. These include secondary tradability, permissioned access, standardization and transparency. Programmable money is an important step towards the implementation of contingent commodities in the sense of Arrow and Debreu (Econometrica, 22(3):265–290, 1954) and Debreu ( 3 ).
Subjects: 
Cryptocurrency valuation
Programmable money
Permissioned ledger
Conditional payments
Arrow-Debreu commodities
Jevons' functions of money
JEL: 
E42
G12
D83
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Book Review
Document Version: 
Published Version

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.