Quest for Good Money
This open access book examines the history and role of money. Money is often defined in terms of three interrelated functions: as a medium of exchange, store of value and unit of account. Researchers frequently discuss the first two functions, but tend to ignore unit of account. This book focuses on...
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| Format: | Online |
| Language: | English |
| Published: |
Springer Nature
2022
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| Online Access: | ONIX_20221118_9789811955914_10 |
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| _version_ | 1869529696120602624 |
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| author | Kitamura, Yukinobu |
| author_browse | Kitamura, Yukinobu |
| author_facet | Kitamura, Yukinobu |
| author_sort | Kitamura, Yukinobu |
| collection | Directory of Open Access Books |
| description | This open access book examines the history and role of money. Money is often defined in terms of three interrelated functions: as a medium of exchange, store of value and unit of account. Researchers frequently discuss the first two functions, but tend to ignore unit of account. This book focuses on how a unit of account or denomination can be defined and can be derived from the monetary system. In the case of paper money and coins, we know how to determine the denomination of money based on the problem of the least number of weights defined by Bâchet and proved by Hardy and Wright (1960). However, in the case of digital or cryptocurrency, denomination may not matter because digital or cryptocurrency uses a wallet that is essentially denomination free: a wallet can contain any amount of currency without upper and lower limits. When people talk about the stablecoin, i.e. the stable price of digital and cryptocurrency with the major legal tender, they take a unit of account or denomination of digital or cryptocurrency as given. This arrangement destroys the nature of denomination free or decentralized autonomy as it were. Exploring how we can consolidate with these two views of denomination, this book will appeal to anyone interested in creating new digital or cryptocurrencies. It also serves as a textbook on central bank digital currency. |
| format | Online |
| id | doab-20.500.12854ir-93974 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2022 |
| publishDateRange | 2022 |
| publishDateSort | 2022 |
| publisher | Springer Nature |
| publisherStr | Springer Nature |
| record_format | ojs |
| spelling | doab-20.500.12854ir-939742025-08-13T13:41:35Z Quest for Good Money Kitamura, Yukinobu Money Cryptocurrency Digital currency Central bank Denomination Number theory Textbook thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics thema EDItEUR::K Economics, Finance, Business and Management::KN Industry and industrial studies::KNS Hospitality and service industries thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics thema EDItEUR::K Economics, Finance, Business and Management::KN Industry and industrial studies::KNS Hospitality and service industries This open access book examines the history and role of money. Money is often defined in terms of three interrelated functions: as a medium of exchange, store of value and unit of account. Researchers frequently discuss the first two functions, but tend to ignore unit of account. This book focuses on how a unit of account or denomination can be defined and can be derived from the monetary system. In the case of paper money and coins, we know how to determine the denomination of money based on the problem of the least number of weights defined by Bâchet and proved by Hardy and Wright (1960). However, in the case of digital or cryptocurrency, denomination may not matter because digital or cryptocurrency uses a wallet that is essentially denomination free: a wallet can contain any amount of currency without upper and lower limits. When people talk about the stablecoin, i.e. the stable price of digital and cryptocurrency with the major legal tender, they take a unit of account or denomination of digital or cryptocurrency as given. This arrangement destroys the nature of denomination free or decentralized autonomy as it were. Exploring how we can consolidate with these two views of denomination, this book will appeal to anyone interested in creating new digital or cryptocurrencies. It also serves as a textbook on central bank digital currency. 2022-11-19T04:03:52Z 2022-11-19T04:03:52Z 2022-11-18T14:19:12Z 2022 book ONIX_20221118_9789811955914_10 OCN: 1350536222 https://library.oapen.org/handle/20.500.12657/59320 9789811955914 https://directory.doabooks.org/handle/20.500.12854/93974 eng Hitotsubashi University IER Economic Research Series open access image/jpeg image/jpeg image/jpeg n/a n/a n/a https://library.oapen.org/bitstream/20.500.12657/59320/1/978-981-19-5591-4.pdf https://library.oapen.org/bitstream/20.500.12657/59320/1/978-981-19-5591-4.pdf https://library.oapen.org/bitstream/20.500.12657/59320/1/978-981-19-5591-4.pdf Springer Nature Springer Nature Singapore 10.1007/978-981-19-5591-4 10.1007/978-981-19-5591-4 9fa3421d-f917-4153-b9ab-fc337c396b5a 12052f04-cf5c-473a-a1e9-f00e18476a2f 9789811955914 Springer Nature Singapore 151 Singapore [...] open access |
| spellingShingle | Money Cryptocurrency Digital currency Central bank Denomination Number theory Textbook thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics thema EDItEUR::K Economics, Finance, Business and Management::KN Industry and industrial studies::KNS Hospitality and service industries thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics thema EDItEUR::K Economics, Finance, Business and Management::KN Industry and industrial studies::KNS Hospitality and service industries Kitamura, Yukinobu Quest for Good Money |
| title | Quest for Good Money |
| title_full | Quest for Good Money |
| title_fullStr | Quest for Good Money |
| title_full_unstemmed | Quest for Good Money |
| title_short | Quest for Good Money |
| title_sort | quest for good money |
| topic | Money Cryptocurrency Digital currency Central bank Denomination Number theory Textbook thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics thema EDItEUR::K Economics, Finance, Business and Management::KN Industry and industrial studies::KNS Hospitality and service industries thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics thema EDItEUR::K Economics, Finance, Business and Management::KN Industry and industrial studies::KNS Hospitality and service industries |
| topic_facet | Money Cryptocurrency Digital currency Central bank Denomination Number theory Textbook thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics thema EDItEUR::K Economics, Finance, Business and Management::KN Industry and industrial studies::KNS Hospitality and service industries thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics thema EDItEUR::K Economics, Finance, Business and Management::KN Industry and industrial studies::KNS Hospitality and service industries |
| url | ONIX_20221118_9789811955914_10 |
| work_keys_str_mv | AT kitamurayukinobu questforgoodmoney |