As criptomoedas e os novos desafios ao sistema monetário

uma abordagem pós-keynesiana

Authors

  • Olivia Maria PUC/SP
  • Saulo Abouchedid Faculdades de Campinas (FACAMP)
  • Laís Araújo e Silva Universidade Estadual de Campinas

Abstract

In 2008, Satoshi Nakamoto, a pseudonym of an unknown person, launched 'Bitcoin', a decentralized cryptocurrency, aiming at circumventing any bank or government and returning to a more 'austere' and quantity-controlled monetary system. After Bitcoin, several other cryptocurrencies were created, and a debate surfaced if these instruments could ever replace what we currently use as 'money'. After 10 years of its creation, it is clear that bitcoin did not reach its main goal, but raised important discussions within the framework of Monetary Authorities. Therefore, this work has two main objectives. The first is to show that, from a post-Keynesian theoretical perspective, bitcoin will not stand up to fiduciary currencies because it is much closer to being a highly volatile speculative asset than a currency capable of assuming the prime functions in a capitalist economy. The second objective is to point out the consequences of this discussion within the framework of the Monetary Authorities, with emphasis on the proposals of the Central Bank Cryptocurrencies.

Author Biographies

  • Olivia Maria, PUC/SP

    Doutora em Teoria Econômica pela Universidade Estadual de Campinas (UNICAMP). Professora Assistente da St. Francis College (NY-USA).

  • Saulo Abouchedid, Faculdades de Campinas (FACAMP)

    Doutor em Teoria Econômica pela Universidade Estadual de Campinas (UNICAMP). Professor da Faculdades de Campinas (FACAMP).

  • Laís Araújo e Silva, Universidade Estadual de Campinas

    Mestranda em Teoria Econômica pela Universidade Estadual de Campinas (UNICAMP).

Published

2022-04-01

Issue

Vol. 29 No. 3 (2020): Economia e Sociedade

Section

Articles

License

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