Chapter
        
        
            
                    
        
                
                
                    
                
                
            
            
                
            
            
            
            
            
            
        
    
    
    Licensed
                
                    
                    Unlicensed
                    
                    Requires Authentication
                
            
    
                
        
        Chapter 11. The Economics of Cryptocurrencies
- 
            
            
        John E. Marthinsen
        
                                    
                                    You are currently not able to access this content.
                                
                                
                                
                                                
                                                You are currently not able to access this content.
                                            
                                            
                                            Chapters in this book
- Frontmatter I
- Acknowledgments VII
- About the Author IX
- Preface XI
- Contents XXIII
- Chapter 1. Introduction to Global Macroeconomics 1
- Chapter 2. Taking an Economic Pulse 13
- Chapter 3. Labor Market Conditions 43
- Chapter 4. Inflation and Real GDP 77
- Chapter 5. Inflation: Who Wins, and Who Loses? 91
- Chapter 6. Monetary Aggregates 115
- Chapter 7. Financial Intermediation 135
- Chapter 8. Money Creation 161
- Chapter 9. Central Banks 193
- Chapter 10. Real Credit Markets 243
- Chapter 11. The Economics of Cryptocurrencies 281
- Chapter 12. Real Goods and Services Markets 313
- Chapter 13. Fiscal Policy 363
- Chapter 14. Business Cycles 409
- Chapter 15. Foreign Exchange Basics 425
- Chapter 16. Foreign Exchange Markets 451
- Chapter 17. Balance of Payments 499
- Chapter 18. Putting It All Together 543
- Chapter 19. Shocks to Nations with Flexible Exchange Rates 563
- Chapter 20. Shocks to Nations with Fixed Exchange Rates 615
- Chapter 21. Causes, Cures, and Consequences of the Great Recession 659
- Chapter 22. Long-Term Growth and Development 715
- Chapter 23. Long-Term Inflation, Exchange Rates, and Unemployment 743
- Appendix A. List of Abbreviations 781
- Appendix B. Important Terms and Concepts 785
- Index 791
Chapters in this book
- Frontmatter I
- Acknowledgments VII
- About the Author IX
- Preface XI
- Contents XXIII
- Chapter 1. Introduction to Global Macroeconomics 1
- Chapter 2. Taking an Economic Pulse 13
- Chapter 3. Labor Market Conditions 43
- Chapter 4. Inflation and Real GDP 77
- Chapter 5. Inflation: Who Wins, and Who Loses? 91
- Chapter 6. Monetary Aggregates 115
- Chapter 7. Financial Intermediation 135
- Chapter 8. Money Creation 161
- Chapter 9. Central Banks 193
- Chapter 10. Real Credit Markets 243
- Chapter 11. The Economics of Cryptocurrencies 281
- Chapter 12. Real Goods and Services Markets 313
- Chapter 13. Fiscal Policy 363
- Chapter 14. Business Cycles 409
- Chapter 15. Foreign Exchange Basics 425
- Chapter 16. Foreign Exchange Markets 451
- Chapter 17. Balance of Payments 499
- Chapter 18. Putting It All Together 543
- Chapter 19. Shocks to Nations with Flexible Exchange Rates 563
- Chapter 20. Shocks to Nations with Fixed Exchange Rates 615
- Chapter 21. Causes, Cures, and Consequences of the Great Recession 659
- Chapter 22. Long-Term Growth and Development 715
- Chapter 23. Long-Term Inflation, Exchange Rates, and Unemployment 743
- Appendix A. List of Abbreviations 781
- Appendix B. Important Terms and Concepts 785
- Index 791