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A Historical Perspective on Digital Currencies, No. 22-21

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A Historical Perspective on Digital Currencies, No. 22-21

DATE: June 2022

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ABSTRACT: This article reviews private currencies in U.S. history to shed light on the contemporary issue of digital currencies. This perspective suggests that government interventions have a critical role in creating a well-functioning money and payments system. Particularly, a central bank digital currency (CBDC) can be a useful tool to supplement regulation in addressing long-standing concerns and risks associated with private currencies.

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Ennis, Huberto M. , Wang, Zhu , Wong, Russell and Federal Reserve Bank of Richmond. "A Historical Perspective on Digital Currencies, No. 22-21," Economic Brief (June 2022). https://fraser.stlouisfed.org/title/6034/item/619221, accessed on August 12, 2022.

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DIGITAL COPY SOURCE: Federal Reserve Bank of Richmond

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