Titlebook: Quest for Good Money; Past, Present and Fu Yukinobu Kitamura Book‘‘‘‘‘‘‘‘ 2022 IER Hitotsubashi University 2022 Open Access.Money.Cryptocur

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Can We Stabilize the Price of a Cryptocurrency? Understanding the Design of Bitcoin and Its Potentiso-called cryptocurrencies are not ideal as means for payment, because of instability of their market prices against major currencies. This chapter explores the problem of such instability from the viewpoint of economics and proposes a new monetary policy for stabilizing the values of these cryptocu

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A Cashless Society: Facts and Issues,ents. When calculated to include bank transfers/account transfers, the cashless payment ratio reaches as high as 92% in Japan, which is not a low figure even among developed countries..With regard to the choice of payment method, empirical studies and observed facts indicate that the cost structure

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Book‘‘‘‘‘‘‘‘ 2022e, store of value and unit of account. Researchers frequently discuss the first two functions, but tend to ignore unit of account. This book focuses on how a unit of account or denomination can be defined and can be derived from the monetary system. In the case of paper money and coins, we know how

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Overview of the History of Money,The purpose of this chapter is to identify remaining research interests in money in the age of digitalization and put my past research topics in perspective. I have no intention to conduct a comprehensive review of the history of money, nor to search for the origin of money.

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The Impact of Electronic Money on Demand for Cash: Time Series Analysis,The purpose of this chapter is to empirically examine the impact of e-money on the amount of money in circulation by type of money, taking into account as much as possible the structural changes in the financial system, including policy changes such as the increase in the consumption tax rate and the introduction of bank ATM charges.