Session

Management, Business and Economics

Description

The article deals with the authors’ reading on the genesis of money from commodity money to digital money and crypto currencies. The authors try to define the nature of money despite the diversity and changes of their forms. The determinants imposing expansion of geographical scope in the use of certain currencies are analyzed. The authors think that there are two independent ways for the future (r)evolution of money. One is the development of the classic form of money – gold, but especially as a store of value. The other way is the development of digital forms of certain powerful national currencies. The future of crypto currencies as real currencies, fulfilling all the functions of money, is questionable.

Keywords:

Money, Gold, Crypto Currencies.

Session Chair

Edmond Hajrizi

Session Co-Chair

Naim Preniqi

Proceedings Editor

Edmond Hajrizi

ISBN

978-9951-550-19-2

First Page

36

Last Page

42

Location

Pristina, Kosovo

Start Date

26-10-2019 11:00 AM

End Date

26-10-2019 12:30 PM

DOI

10.33107/ubt-ic.2019.328

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Oct 26th, 11:00 AM Oct 26th, 12:30 PM

Money as a Human Invention: One More Look at Their Evolution

Pristina, Kosovo

The article deals with the authors’ reading on the genesis of money from commodity money to digital money and crypto currencies. The authors try to define the nature of money despite the diversity and changes of their forms. The determinants imposing expansion of geographical scope in the use of certain currencies are analyzed. The authors think that there are two independent ways for the future (r)evolution of money. One is the development of the classic form of money – gold, but especially as a store of value. The other way is the development of digital forms of certain powerful national currencies. The future of crypto currencies as real currencies, fulfilling all the functions of money, is questionable.