Practical application of the theory of private money in the cryptocurrency market
| Autor | Evdokimov Ilya A - Frolov Nikita I - Lysanov Denis M - Karamyshev Anton N - Isavnin Aleksey G |
| Cargo | Kazan Federal University. e-mail: dyxmedia92@gmail.com. Tel.: +7-917-234-76-79. - Kazan Federal University. e-mail: dyxmedia92@gmail.com. Tel.: +7-917-234-76-79. - Kazan Federal University. e-mail: dyxmedia92@gmail.com. Tel.: +7-917-234-76-79. - Kazan Federal University. e-mail: dyxmedia92@gmail.com. Tel.: +7-917-234-76-79. - Kazan Federal ... |
| Páginas | 571-579 |
Periódico do Núcleo de Estudos e Pesquisas sobre Gênero e Direito
Centro de Ciências Jurídicas - Universidade Federal da Paraíba
V. 8 - Nº 05 - Ano 2019
ISSN | 2179-7137 | http://periodicos.ufpb.br/ojs2/index.php/ged/index
571
PRACTICAL APPLICATION OF THE THEORY OF PRIVATE
MONEY IN THE CRYPTOCURRENCY MARKET
Evdokimov Ilya A1
Frolov Nikita I2
Lysanov Denis M3
Karamyshev Anton N4
Isavnin Aleksey G.5
Abstract: The article considers the main
aspects of the theory of F.A. von Hayek.
The effectiveness of competition has
been proved as a way to select the best
currencies, which are characterized by
high liquidity, transparent emission, and
active work in the information space.
And also in this article, the power of the
influence of the press factor on the
theory of Private Money by F. A. von
Hayek is considered. The effectiveness
of this factor, which acts as a filter of a
low-quality product, allowing market
participants to filter out unreliable
currencies, has been proved.
Keywords: market, competition,
currency, cryptocurrency, press.
1 Kazan Federal University. e-mail: dyxmedia92@gmail.com. Tel.: +7-917-234-76-79.
2 Kazan Federal University. e-mail: dyxmedia92@gmail.com. Tel.: +7-917-234-76-79.
3 Kazan Federal University. e-mail: dyxmedia92@gmail.com. Tel.: +7-917-234-76-79.
4 Kazan Federal University. e-mail: dyxmedia92@gmail.com. Tel.: +7-917-234-76-79.
5 Kazan Federal University. e-mail: dyxmedia92@gmail.com. Tel.: +7-917-234-76-79.
1. Introduction
The work "Private Money" was
published by Nobel Prize winner in
economics Friedrich August von Hayek
in 1976. The main idea of this work is
reduced to the following theses [1]:
• liquidation of the monopoly of
the government on the issue of funds;
• liberalization of the issue of
private funds;
• equating cash to a typical
commercial product;
• the creation of a better private
currency through equal competition with
other cash [1].
At the time this work was
published, it was widely believed that
only one money should be used within
Para continuar a ler
PEÇA SUA AVALIAÇÃO