Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/95688
Authors: 
Gans, Joshua S.
Halaburda, Hanna
Year of Publication: 
2013
Series/Report no.: 
Bank of Canada Working Paper 2013-38
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
Document Type: 
Working Paper

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