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Bitcoin, Libra und digitale Zentralbankwährungen — ein Geldsystem der Zukunft?
[Bitcoin, Libra and Central Bank Digital Currencies — Elements of a New Monetary System?]

Author

Listed:
  • Jonas Groß

    (Universität Bayreuth)

  • Bernhard Herz

    (Universität Bayreuth)

  • Jonathan Schiller

    (Universität Bayreuth)

Abstract

Zusammenfassung Seit der Einführung von Bitcoin 2008 und vieler anderer Kryptowährungen ist eine neue Welle innovativer Zahlungsprojekte im Gange, darunter Innovationen wie Libra — als supranationaler Stablecoin konzipiert — und digitale Zentralbankwährungen. Diese privaten und öffentlichen Projekte sind durch verschiedene Wechselbeziehungen miteinander verbunden. Bitcoin hat sich bislang nicht zu einem weit verbreiteten Zahlungsmittel entwickelt, unter anderem wegen der erheblichen Preisvolatilität. Im Gegensatz dazu soll Libra ein eher konventionelles Zahlungsmittel mit engen Beziehungen zum bestehenden Bankensektor werden, was viele Fragen zur Geld- und Finanzstabilität aufwirft. Digitale Zentralbankwährungen könnten als Reaktion des öffentlichen Sektors auf diese privaten Projekte angesehen werden, um die vorherrschende Rolle der Zentralbanken im Währungssystem der Zukunft zu sichern.

Suggested Citation

  • Jonas Groß & Bernhard Herz & Jonathan Schiller, 2020. "Bitcoin, Libra und digitale Zentralbankwährungen — ein Geldsystem der Zukunft? [Bitcoin, Libra and Central Bank Digital Currencies — Elements of a New Monetary System?]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 100(9), pages 712-717, September.
    • Handle: RePEc:spr:wirtsc:v:100:y:2020:i:9:d:10.1007_s10273-020-2743-y
    DOI: 10.1007/s10273-020-2743-y
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    References listed on IDEAS

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    1. Manuel Klein & Jonas Groß & Philipp Sandner, 2020. "The Digital Blockchain-Euro: Are Central Bank Digital Currencies the Future?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 73(03), pages 39-47, March.
    2. Codruta Boar & Henry Holden & Amber Wadsworth, 2020. "Impending arrival - a sequel to the survey on central bank digital currency," BIS Papers, Bank for International Settlements, number 107.
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    Cited by:

    1. Friedrich Thießen, 2021. "Digitaler Euro: Funktionsweise und kritische Würdigung [The Digital Euro: Functionality and Critical Appraisal]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 101(7), pages 529-535, July.

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    More about this item

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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