Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/95688 
Year of Publication: 
2013
Series/Report no.: 
Bank of Canada Working Paper No. 2013-38
Publisher: 
Bank of Canada, Ottawa
Abstract: 
This paper reviews some recent developments in digital currency, focusing on platform-sponsored currencies such as Facebook Credits. In a model of platform management, we find that it will not likely be profitable for such currencies to expand to become fully convertible competitors to state-sponsored currencies.
Subjects: 
Bank notes
Economic models
Payment clearing and settlement systems
JEL: 
D42
E4
L51
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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