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The Evolution of E-Money

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  • Andrei V. Vlasov

Abstract

The aim of the article is to analyze the stages in the evolution of electronic money. The research methodology is composed of the evolutionary theory of the origin of money and the theory of money and credit developed by the Austrian School of Economics. The emergence cryptocurrency is seen as the next stage in the process of money evolution. The article concludes that it is cryptocurrency which can truly be considered electronic money as it exists only in electronic form and is in no way connected to the objects of in material world. As a result, cryptocurrency have several advantages when compared to other forms of money.

Suggested Citation

  • Andrei V. Vlasov, 2017. "The Evolution of E-Money," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 215-224.
  • Handle: RePEc:ers:journl:v:xx:y:2017:i:1:p:215-224
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    File URL: http://www.ersj.eu/repec/ers/papers/17_1_p21.pdf
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    References listed on IDEAS

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    1. Eleftherios THALASSINOS, 2008. "Trends and Developments in the European Financial Sector," European Financial and Accounting Journal, University of Economics, Prague, vol. 2008(3), pages 44-61.
    2. Florin Teodor Boldeanu & Ileana Tache, 2016. "The Financial System of the EU and the Capital Markets Union," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 59-70.
    3. Tulus Suryanto, 2016. "Audit Delay and Its Implication for Fraudulent Financial Reporting: A Study of Companies Listed in the Indonesian Stock Exchange," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 18-31.
    4. repec:ers:ijebaa:v:iii:y:2015:i:1:p:54-66 is not listed on IDEAS
    5. Besnik Fetai, 2015. "Financial Integration and Financial Development: Does Financial Integration Matter?," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 97-106.
    6. Jean-Pierre Allegret & Helene Raymond & Houda Rharrabti, 2016. "The Impact of the Eurozone Crisis on European Banks Stocks Contagion or Interdependence?," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 129-148.
    7. Eleftherios I. Thalassinos & Bozhana Venediktova & Daniela Staneva-Petkova & Vicky Zampeta, 2013. "Way of Banking Development Abroad: Branches or Subsidiaries," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(3), pages 69-78.
    8. repec:ers:ijebaa:v:iv:y:2016:i:1:p:70-85 is not listed on IDEAS
    9. Ozgur Arslan-Ayaydin & Darold Barnum & Mehmet Baha Karan & Atilla Hakan Ozdemir, 2014. "How is Moral Hazard Related to Financing R&D and Innovations?," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 111-131.
    10. El. Thalassinos & Th. Kiriazidis, 2003. "Degrees Of Integration In International Portfolio Diversification: Effective Systemic Risk," European Research Studies Journal, European Research Studies Journal, vol. 0(1-2), pages 119-130, January -.
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    4. repec:gam:jsusta:v:9:y:2017:i:12:p:2214-:d:120970 is not listed on IDEAS
    5. repec:ers:journl:v:xx:y:2017:i:3a:p:570-579 is not listed on IDEAS
    6. repec:ers:journl:v:xx:y:2017:i:3a:p:408-416 is not listed on IDEAS
    7. repec:ers:journl:v:xxi:y:2018:i:4:p:524-532 is not listed on IDEAS
    8. repec:ers:journl:v:xx:y:2017:i:3a:p:961-973 is not listed on IDEAS
    9. repec:ers:journl:v:xx:y:2017:i:3a:p:846-860 is not listed on IDEAS
    10. repec:ers:journl:v:xx:y:2017:i:3b:p:443-452 is not listed on IDEAS

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