Bitcoin and the Legitimacy Crisis of Money

By Beat Weber. 2016

177 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance, Information Systems

View Paper: https://www.semanticscholar.org/paper/aa4bac5be6fd81c0487e1693f2dc0483a15b5ed4

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Citations in the corpus

Negative bubbles and shocks in cryptocurrency markets (2016, background): “Bitcoin was originally conceived as a decentralised network beyond the control of national governments (Weber, 2014a).”
Speaking to the people? Money, trust, and central bank legitimacy in the age of quantitative easing (2016, background): “In light of these developments, some authors have observed a ‘legitimacy crisis of money’ (Weber, 2016; cf. Koddenbrock, forthcoming), while others have diagnosed legitimacy ‘problems’ and ‘crises’ for the Fed (Goodhart, 2015; Jacobs and King, 2016), the ECB (Scharpf, 2012; Schmidt, 2016) and,…”
Does Bitcoin hedge global uncertainty? Evidence from wavelet-based quantile-in-quantile regressions (2016, background): “Introduction Unlike a fiat currency that is backed by the government or central bank that issued it, Bitcoin is not a claim on anybody (Weber, 2014).”
An empirical investigation of volatility dynamics in the cryptocurrency market (2019, unknown): “…to the perceived issues of the already existing monetary and payment system which were brought to light during the financial market turmoil of 2008 (Weber, 2014) but also due to the cryptocurrencies' unprecedented price increases providing their users with the potential of reaching extremely high…”
Speculative bubbles in Bitcoin markets? An empirical investigation into the fundamental value of Bitcoin (2015, background): “This can occur when investors resort to simple heuristics driven by market sentiments or via irrationally optimistic expectations, fashions and fads (Dwyer, 2014; Shiller, 2005; Weber, 2014).”
Network causality structures among Bitcoin and other financial assets: A directed acyclic graph approach (2018, background): “In that sense, Bitcoin is fully decentralized without reference to third parties, such as central banks and governmental institutions, and does not make claims on anybody (Weber 2016).”
On the Value of Virtual Currencies (2019, background): “Other publications in outlets of central banks commenting on the potential risks and use of virtual currencies include, e.g., Arias and Shin (2013), Beer and Weber (2014), Segendorf (2014), Tasca (2015) and Young (2015).”