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Note
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Reference no. 9B20N039
New product
Published by:
Ivey Publishing (2020)
Version:
2020-11-16
Revision date:
17-Dec-2020
Length:
10 pages
Data source:
Published sources

Abstract

This note explains the workings of money and cryptocurrencies and introduces what money is, before briefly reviewing its history. The note elaborates on the workings of money today (ie, fiat currencies such as the US dollar and the European euro) and the importance of debt in the financial system. It then explains what cryptocurrencies consist of, notably the workings of blockchain technologies and the goals that utopian currencies hope to achieve. The note concludes by describing three major cryptocurrencies: bitcoin, Ğ1, and impak Coin.

Teaching and learning

This item is suitable for undergraduate and postgraduate courses.

Topics

Financial system; Debt; Banks; Finance

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