LEADER 04323nam 22006015 450 001 9910760281303321 005 20251008151955.0 010 $a9783031442483 010 $a3031442482 024 7 $a10.1007/978-3-031-44248-3 035 $a(MiAaPQ)EBC30878271 035 $a(Au-PeEL)EBL30878271 035 $a(CKB)28806320400041 035 $a(OCoLC)1409683531 035 $a(DE-He213)978-3-031-44248-3 035 $a(EXLCZ)9928806320400041 100 $a20231109d2023 u| 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 14$aThe Economics of Cryptocurrencies and Digital Money $eA Monetary Framework with a Game Theory Approach /$fby Augusto Schianchi, Andrea Mantovi 205 $a1st ed. 2023. 210 1$aCham :$cSpringer International Publishing :$cImprint: Palgrave Macmillan,$d2023. 215 $a1 online resource (178 pages) 225 1 $aPalgrave Studies in Financial Services Technology,$x2662-5091 311 08$aPrint version: Schianchi, Augusto The Economics of Cryptocurrencies and Digital Money Cham : Springer International Publishing AG,c2023 9783031442476 327 $aChapter 1. Introduction -- Chapter 2. Blockchain, decentralized consensus and trust -- Chapter 3. The basic mining game. -- Chapter 4. Higher level models -- Chapter 5. The future monetary system -- Chapter 6. Regulation -- Chapter 7. Conclusions. 330 $aCryptocurrencies, stablecoins and central bank digital currency open uncharted territory for the nascent economics of new digital money. This Pivot addresses the foundations of the monetary problem raised by Bitcoin and followers, starting with the game theory of Proof-of-Work as rent-seeking contest and a lively account of the different ways of trust that blockchain solutions and monetary institutions are meant to face. In so doing, the authors introduce the relevance of safe assets under the light of the principle of ?no questions asked? that characterizes the monetary problem of the 2020s. Principles for regulation emerge in the perspective in which private issuers of digital coins are essentially issuers of demand deposits, and therefore bank-like entities. The potential role of central bank digital currency in the future monetary system is thoroughly discussed. Students and researchers in economics and finance, professionals and sophisticated readers may consider this book an essential guide to the challenging new dimensions of digital money. Augusto Schianchi (M.Phil, Oxon) was a full professor of political economy at the University of Parma, Italy. He has been the author of various monographs in applied game theory and political economy (critical explorations in the theory of the current democracy, between populism and new rights) and has contributed original papers in portfolio theory (with spin glasses applications) and Hicksian modelling of capital and time. Andrea Mantovi (PhD in Physics) was teaching economic courses and has been speaker at several international conferences. He has published research articles in leading journals such as the Journal of Economics and Structural Change and Economic Dynamics. Among his major research interests are the mathematical foundations of microeconomics, the explicit solutions of general equilibrium pureexchange, and the frontiers of monetary economics. 410 0$aPalgrave Studies in Financial Services Technology,$x2662-5091 606 $aFinancial engineering 606 $aTechnological innovations 606 $aMacroeconomics 606 $aFinancial Technology and Innovation 606 $aEconomics of Innovation 606 $aMacroeconomics and Monetary Economics 615 0$aFinancial engineering. 615 0$aTechnological innovations. 615 0$aMacroeconomics. 615 14$aFinancial Technology and Innovation. 615 24$aEconomics of Innovation. 615 24$aMacroeconomics and Monetary Economics. 676 $a332.4 700 $aSchianchi$b Augusto$0117438 701 $aMantovi$b Andrea$0325683 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910760281303321 996 $aThe Economics of Cryptocurrencies and Digital Money$93598755 997 $aUNINA