Theoretical and Applied Economics
No. 2 / 2015 (603), Summer
The issue of “true” money in front of the BitCoin's offensive
Bucharest University of Economic Studies, Romania
Liana BADEA
Bucharest University of Economic Studies, Romania
Abstract. The issue of money, beyond what is usually meant by the very words “money issue” was and still is a subject of interest for a heterogeneous public, going beyond time and being the subject of numerous studies and regulations since ancient time. Over centuries, the money had different forms, and the controversies surrounding them were numerous. Currently, one of the problems is related to the emergence and use of virtual money, seen from the perspective of private currency. The question that occurs frequently in the talks of several economists is related to the ability of virtual money to survive. History has shown that man has the capacity to find ways which can “avoid” prohibitions of various types, being able, even in the case of money to find alternatives to the official currency. Is the BitCoin that private currency which will have the longest life? And if so, how long it will run in parallel with the traditional currency? Based on these questions, this paper aims at presenting the main aspects of the BitCoin, starting from specialized literature and reaching the Romanian reality.
Contents
Instruments and practices concerning the absorption and use of structural and cohesion funds in Romania
Foreign direct investment and income inequality in Central and Eastern Europe
Exports – trends and impacts on Romania’s economic growth process
Innovation and regional performance in Romania
A multidisciplinary approach of communication
The issue of “true” money in front of the BitCoin's offensive
Public choice and the social beneficiary
Stock market – economy growth nexus in an emerging country. The case of Romania
Determinants of savings in the APEC countries
The status of Romanian agriculture and some measures to take
Education and society: an institutional approach
Financial audit – feckless for economic re-launch
Empirical evidence on the Ricardian equivalence in Romania
Minimum wage – labour market rigidity factor
Regional convergence. Case of Romania
The exchange rate volatility in the Central and Eastern European Countries
A study of the impossible trinity in Romania
Governance process improvement and development by audit consolitation
Analysis of the evolution of foreign direct investment in the European Union, amid the global economic crisis
Types of international cooperation at the local level Bucharest city hall case study
Short-run determinants of the USD/PLN exchange rate and policy implications
The use of behavioral economics in promoting public policy
New paradigms imposed by the global financial crisis
Are financial audit elements and corporate governance policies solutions for the economic crisis?
The kids are alright? A note on parental satisfaction in Germany
Technological revolution, labor markets and income distribution in the knowledge economy
The effects of competition regulations on mobile telecommunication markets
National convergence policy in education. Case study Romania