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Journal Articles

Digital Currencies—More than a Passing Fad?

Barry Eichengreen
Journal: Current History
Current History (2022) 121 (831): 24–29.
https://doi.org/10.1525/curh.2022.121.831.24
Published: 01 January 2022
... that digital currencies will be part of that future. But cryptocurrencies like Bitcoin are too volatile to possess the essential attributes of money. Stablecoins have fragile currency pegs that diminish their utility in transactions. And central bank digital currencies are a solution in search of a problem...
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