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Kryptowährungen — ein Problem für die Geldpolitik?
[Cryptocurrencies: A Monetary Policy Problem?]


  • Andreas Hanl

    () (Universität Kassel)

  • Jochen Michaelis

    () (Universität Kassel)


Zusammenfassung Kryptowährungen wie der Bitcoin sind mit dem Ziel gestartet, Finanzintermediäre wie Zentralbanken und Geschäftsbanken teilweise durch die Distributed-Ledger-Technologie zu ersetzen. Dies ermöglicht Transaktionen auf einer Peer-to-Peer-Basis. Die Autoren zeigen, wie gut die neue Währungskonkurrenz die Geldfunktionen erfüllt und welche komparativen Vorteile sie mit sich bringt. Zudem werden die Auswirkungen auf Konzeption und Durchführung der „traditionellen“ Geldpolitik skizziert.

Suggested Citation

  • Andreas Hanl & Jochen Michaelis, 2017. "Kryptowährungen — ein Problem für die Geldpolitik?
    [Cryptocurrencies: A Monetary Policy Problem?]
    ," Wirtschaftsdienst, Springer;German National Library of Economics, vol. 97(5), pages 363-370, May.
  • Handle: RePEc:spr:wirtsc:v:97:y:2017:i:5:d:10.1007_s10273-017-2145-y
    DOI: 10.1007/s10273-017-2145-y

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    Cited by:

    1. Walter blocher & Andreas Hanl & Jochen Michaelis, 2017. "Revolutionieren Kryptowährungen die Zahlungssysteme?," MAGKS Papers on Economics 201748, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    2. Andreas Hanl, 2018. "Some Insights into the Development of Cryptocurrencies," MAGKS Papers on Economics 201804, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).

    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


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