A new token: the CommodCoin. What could be its interest for financial market? A macro-economic modelling

Abstract : In this paper, we discuss the interest for financial market of a tokens built on commodities. First, we introduce the notion of tokens, and we propose a classification of tokens which have be built based on different crypto-currencies and then on different classes and generations of blockchains, some are created by states in order to intensify the local or the national economy. Then finally, we introduce a tokens indexed on a commodity which could be proposed by a banking system in view to develop a monopolistic market and control the sector of this commodity. We propose a macro-economic model where a part of the economy uses the CommodCoin, and then a counter-factual analysis to analyze the impact of the introduction of the CommodCoin on the economy. After the introduction of a baseline model corresponding to a small open economy model with two non-competing sectors using the fiat currency, we present a counter-factual model in which the two sectors can use the CommodCoin for intra-sector transactions and also fiat currencies. We question the interest of this kind of proposal for the financial industry.
Type de document :
Communication dans un congrès
Liste complète des métadonnées

https://halshs.archives-ouvertes.fr/halshs-01897052
Contributeur : Dominique Guégan <>
Soumis le : mardi 16 octobre 2018 - 18:11:34
Dernière modification le : mardi 6 août 2019 - 16:08:04

Identifiants

  • HAL Id : halshs-01897052, version 1

Collections

Citation

Dominique Guegan. A new token: the CommodCoin. What could be its interest for financial market? A macro-economic modelling. Digital, Innovation, Entrepreneurship and Financing, Jun 2018, Lyon, France. ⟨halshs-01897052⟩

Partager

Métriques

Consultations de la notice

36