Document Type
Discussion Paper
Publication Date
5-1-2014
CFDP Number
1947
CFDP Pages
13
Abstract
The practical and theoretical meaning of the rise and fall of new local and virtual currencies suggest that two basic theories of money both have their validity and reasons for coexistence. The drive for increasing efficiency in the payment mechanisms is in full swing and still presents many opportunities for improvement.
Recommended Citation
Shubik, Martin, "Simecs, Ithaca Hours, Berkshares, Bitcoins and Walmarts" (2014). Cowles Foundation Discussion Papers. 2348.
https://elischolar.library.yale.edu/cowles-discussion-paper-series/2348