AMU, Alternative Money University, monetary economics, students, Cato Institute

After a successful inaugural offering in 2018, the Center for Monetary and Financial Alternatives at the Cato Institute is pleased to announce that Alternative Money University – our 3-day academic workshop for students interested in monetary economics – is coming back in July 2019. As followers of…

cryptoassets, Kareken-Wallace, currency substitutes, cryptocurrencies

Some prominent economists have begun to analyze formally the market for a privately issued outside money that they associate with Bitcoin. Rodney Garratt and Neil Wallace (2018) (ungated version here) model the relative values of (exchange rates between) “Bitcoin 1” and other hypothetical cryptoassets (“Bitcoin 2,” etc.)….