Digital Currency Schemes: More or Less Sustainable? Limits to Growth, Electronification and the Negotiability of Money in Europe

EasyChair Preprint 1360

Abstract

In 1972 a report entitled The Limits to Growth was issued by the Club of Rome, with computer simulations suggesting that economic growth could not continue indefinitely in a world with a finite supply of resources. Today, after half a century, while sustainable development has still to be properly implemented with regard to natural and ecological resources, the electronification of payment and settlement as well as new digital technologies such as blockchain and crypto-currencies are promising the mirage of new wealth, and faster and more effective exchanges, for the global as well as for the local communities. But which is, in fact, the impact of these technologies on our social and cultural environment as economic agents? How do geographically-based communities react to ‘abstractly globalised’ money values in space? Are these values really sustainable in the long term? Do they bring substantial advantages in terms of money availability and negotiability in regional economies? This paper aims at providing a response to these interrelated issues combining a law, economics and humanities approach with a critical eye on the most recent evolution of European Union law on the matter of negotiability, payment systems and complementary and digital currencies.

Keyphrases: competition, money, negotiability

@booklet{EasyChair:1360,
  author    = {Gabriella Gimigliano and Valentino Cattelan},
  title     = {Digital Currency Schemes: More or Less Sustainable? Limits to Growth, Electronification and the Negotiability of Money in Europe},
  howpublished = {EasyChair Preprint 1360},
  year      = {EasyChair, 2019}}