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Cryptocurrencies and the future of money. Money and trust in the UK

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3731045.pdf (666.1 KB)
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2020-03-27
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IE Center for the Governance of Change
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https://hdl.handle.net/20.500.14417/2757
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https://doi.org/10.5281/zenodo.3731045
Abstract
Much like the US Dollar, the British Pound has a unique place in the world. The is largely due to a combination of a long lived and “robust institutional framework” and the sterling’s monopoly as legal tender in the UK which “sets a very high bar for competing forms of money to dislodge sterling.” (Mark Carney, Governor of the Bank of England)1 . We can see evidence of this responsibly managed money growth in the fiat currency era and stable inflation in the figures below.
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IE Center for the Governance of Change
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Seiferling, M., Ahmed, T., ElBahrawy, A. Y., Chan, K., & Padilha, T. (2020). Cryptocurrencies and the future of money. Money and trust in the UK. Zenodo. https://doi.org/10.5281/zenodo.3731045
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