ifo Schnelldienst 17/2019: Do Bitcoin and Libra have a Future?

Parallel Currencies Beyond Financial Supervision - Do Bitcoin and Libra Have a Future?

Together with 27 other companies, Facebook plans to introduce a new digital currency called Libra. This new, private “world currency” would no longer be under the supervision of financial regulators. Is it a threat to the stability of the financial system? Or does it bring greater financial autonomy to citizens in emerging markets?

With contributions from:

• Thomas Mayer: Better Money through Digitization
• Julian Grigo and Patrick Hansen: Digital Currencies on the Point of Breakthrough
• Lars Hornuf: Libra: A Currency that the World Does (Not) Need?
• Burkhard Balz and Jan Paulick: Private Means of Payment and the Role of Central Banks in the Digital Age
• Markus Demary and Vera Demary: Crypto Currencies – Everything Different with Li-bra?
• Stefan Eichler and Marcel Thum: Libra – Gravedigger for Failed Currencies, Chal-lenge for Good Regulation
• Gilbert Fridgen and Benedict Drasch: The Economic Necessity of Crypto Currencies – A Plea for Proactive Political Shaping