Cryptocurrencies have had a profound effect on financial markets worldwide. The edited book aims to explore the economic implications of the use of cryptocurrencies. Drawing from chapter contributors from around the world, the book will be a valuable resource on the economics of cryptocurrencies. The intended audience are academics, corporate leaders, entrepreneurs, government leaders, consultants and, policy makers worldwide.
Over the past few years, the topic of cryptocurrencies has gained global attention and has been the subject of discussion in various news media, in policy-making bodies and government entities, financial institutions, classroom and the boardroom. Despite widespread interest, much remains unknown on what the economic implications of cryptocurrencies are. This book enhances the reader’s understanding of cryptocurrencies, its impact on industry, and its implications on the political and economic environment. Drawing from chapter contributions from leading academics and thought leaders from around the world, this book is the definitive guide on the economics of cryptocurrencies.
There is scarcity of well-conceived, academically grounded literature on the impact of cryptocurrencies on industry, politics, and economics. This pioneering book provides up-to-date and in-depth analysis on the subject. The book will be appealing to academic communities, business professionals and entrepreneurs in their quest for better understanding the challenges and opportunities brought about by cryptocurrencies. Consultants, government officials, and policy makers would find the information helpful in defining strategic pathways into the future.
Table of Contents
List of Figures
List of Tables
List of Contributors
Part 1: Understanding Cryptocurrencies
Chapter 1: Cryptocurrencies in an economic context : An introduction (J. Mark Munoz and Michael Frenkel)
Chapter 2: Understanding the distinctive features of cryptocurrencies (Marius Kramer and Valtteri Kaartemo)
Chapter 3: Categorization of Crypto-Assets (Evren Yazman & Hossein Sharif)
Chapter 4: The economic nature of bitcoin: money, new gold or speculative assets? (Silvia Dal Bianco)
Chapter 5: The microeconomics of cryptocurrencies (Guych Nuryyev, David Savitski and John Peterson)
Part 2: Cryptocurrencies in Industry
Chapter 6: The sources of cybersecurity threats in cryptocurrency (Valtteri Kaartemo and Marius Kramer)
Chapter 7: Cryptocurrencies and entrepreneurial finance (Pierluigi Martino, Cristiano Bellavitis and Carlos M. DaSilva)
Chapter 8: Crowdfunding and Initial Coin Offerings (Jean-Marie Ayer and Bruno Pasquier)
Chapter 9: Cryptocurrencies and trade (Allison Derrick)
Part 3: Political and Economic Implications of Cryptocurrencies
Chapter 10: Central bank digital currency: aims, mechanisms and macroeconomic impact (Silvia Dal Bianco)
Chapter 11: Crypto money and currency competition
(Bjoern Holste and Thomas Mayer)
Chapter 12: The geoeconomics of cryptocurrencies – an institutional perspective (Andrew Isaak, Suleika Bort, and Michael Woywode)
J. Mark Munoz is a Professor of Management at Millikin University and former Visiting Fellow at the Kennedy School of Government at Harvard University. He is a recipient of several awards including four Best Research Paper Awards, two international book awards, a literary award, and the ACBSP Teaching Excellence Award among others. Aside from top-tier journal publications, he has authored/edited/co-edited more than twenty books in management and economics such as: International Social Entrepreneurship and Managerial Forensics. As Chairman/CEO of the international management consulting firm Munoz and Associates International, he directs and manages consulting projects for companies worldwide.
Michael Frenkel is Professor of Macroeconomics and International Economics at WHU – Oitto Beisheim School of Management. He is also the Director of the Center for European Studies (CEUS) at WHU. He received his diploma degree in economics and his doctoral degree from the University of Mainz, Germany. He has extensive international experience resulting from his work with the International Monetary Fund and from various visiting positions, among them with the Harvard University Summer School, the University of Michigan, Georgetown University, Carnegie Mellon University, Emory, University, Brandeis University, and Chulalongkorn University (Thailand). He serves on the editorial board of the Global Finance Journal, the Journal of Economics and Statistics, and the Journal for Markets and Ethics.