The Libra: good, money or good money?

Frank den Butter, Jan Middendorp

Research output: Contribution to JournalArticleProfessional

Abstract

The Libra, as advocated by the Libra consortium, is an innovative means of payment and will contribute to economic welfare by reducing transaction costs for (international) payments. It does, however, mean that the Libra, such as bank notes and cashless balances, must be counted as part of the money supply. From the perspective of public interest, therefore, regulation should be proactively considered. In addition, recent innovations such as in social media can serve as an example for policy makers on how regulation should be designed.
Translated title of the contributionThe Libra: good, money or good money?
Original languageDutch
JournalMe Judice: economen in debat
Issue number07 08 2019
Publication statusPublished - 7 Aug 2019

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money
money supply
regulation
welfare economics
transaction costs
public interest
social media
bank
innovation

Cite this

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title = "De Libra: goed, geld of goed geld?",
abstract = "The Libra, as advocated by the Libra consortium, is an innovative means of payment and will contribute to economic welfare by reducing transaction costs for (international) payments. It does, however, mean that the Libra, such as bank notes and cashless balances, must be counted as part of the money supply. From the perspective of public interest, therefore, regulation should be proactively considered. In addition, recent innovations such as in social media can serve as an example for policy makers on how regulation should be designed.",
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De Libra: goed, geld of goed geld? / den Butter, Frank; Middendorp, Jan.

In: Me Judice: economen in debat, No. 07 08 2019, 07.08.2019.

Research output: Contribution to JournalArticleProfessional

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AB - The Libra, as advocated by the Libra consortium, is an innovative means of payment and will contribute to economic welfare by reducing transaction costs for (international) payments. It does, however, mean that the Libra, such as bank notes and cashless balances, must be counted as part of the money supply. From the perspective of public interest, therefore, regulation should be proactively considered. In addition, recent innovations such as in social media can serve as an example for policy makers on how regulation should be designed.

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