HIGHLIGHTS
- who: Max Fuchs from the (UNIVERSITY) have published the Article: Is a Secondary Currency Essential?u00a0u2013 On the Welfare Effects of a New Currency, in the Journal: (JOURNAL)
- what: Rev. 83: 63-77) the authors show how the introduction of a secondary currency affects average utility.
SUMMARY
Since the authors primarily have a cryptocurrency or a central bank digital currency in mind, the authors call the new currency digital money. The authors distinguish between three trading states: Agents are cash traders C, digital money traders D or commodity traders (sellers S . . .
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