Article metrics

  • citations in SCindeks: [2]
  • citations in CrossRef:[1]
  • citations in Google Scholar:[=>]
  • visits in previous 30 days:8
  • full-text downloads in 30 days:4
article: 1 from 1  
Back back to result list
Ekonomika
2018, vol. 64, iss. 1, pp. 95-104
article language: English
document type: Scientific Paper
doi:10.5937/ekonomika1801095D

Creative Commons License 4.0
The application of advanced technologies in the field of international finances: Bitcoin phenomenon
Đorđević Aleksandar
Univeristy of Niš, Faculty of Economy

e-mail: djaleksandar91@gmail.com

Project

Improving competitiveness of public and private sector by networking competences in the process of european integrations of Serbia (MESTD - 179066)

Abstract

During the history there have been different examples of incorporating technology into economics. Some of them include SWIFT, e-banking, mobile payments, and many more. Technology had to be commercialized and put into service of facilitating economic processes. International finances underwent the process of development too. With the globalization process national economies became more interconnected and dependent from each other. Individuals demanded a faster and more convenient way to make international payments. Internet trade is on the rise, social media rule the contemporary world, and then appears the inception of so-called crypto currencies. The most famous is Bitcoin. Where lays its place in the economic science? It looks like that Bitcoin is going towards decentralization of the monetary system known by now. The goal of this paper is to raise the awareness of the changes happening in economy and in economic science.

Keywords

means of payment; crypto currency; Bitcoin; international finance

References

*** NBS Narodna banka Srbije upozorava da bitkoin ne predstavlja zakonsko sredstvo plaćanja u Srbiji. http://www.nbs.rs/internet/latinica/scripts/showContent.html?id=7605 (20.05.2017)

[ GS ]

Brito, J., Shadab, H.B., Castillo, A. (2014) Bitcoin financial regulation: Securities, derivatives, prediction markets, and gambling. Columbia Science and Technology Law Review

[ CR ] [ EČ ][ GS ]

Carrick, J. (2016) Bitcoin as a Complement to Emerging Market Currencies. Emerging Markets Finance and Trade, 52(10): 2321-2334

[ CR ] [ EČ ][ 1 ][ GS ]

Chu, J., Nadarajah, S., Chan, S. (2015) Statistical Analysis of the Exchange Rate of Bitcoin. PLoS One, 10(7): e0133678

[ CR ] [ EČ ][ GS ]

Dornbusch, R., Goldfajn, I., Valdes, R.O., Edwards, S., Bruno, M. (1995) Currency Crises and Collapses. Brookings Papers on Economic Activity, 1995(2): 219

[ GS ]

Glaser, F., Zimmermann, K., Haferkorn, M., Moritz, C., Siering, M. (2014) Bitcoin - asset or currency?: Revealing users' hidden intentions. in: Twenty Second European Conference on Information Systems, Tel Aviv

[ CR ] [ EČ ][ GS ]

He, D., Habermeier, K., Leckow, R., Haksar, V., Almeida, Y., Kashima, M., Kyriakos-Saad, N., Oura, H., Saadi, S.T., Stetsenko, N., Verdugo, Y.C. (2016) Virtual Currencies and Beyond: Initial Considerations. Staff Discussion Notes, 16(03): 1

Hendrickson, J.R., Hogan, T.L., Luther, W.J. (2015) The political economy of bitcoin. Working Paper, p. 5. Available online: http:// papers.ssrn.com/sol3/papers.cfm?abstract_id=2531518>

[ EČ ][ 1 ][ GS ]

Kiyotaki, N., Wright, R. (1989) On money as a medium of exchange. Journal of Political Economy, 97, 927-954

[ CR ] [ EČ ][ GS ]

Kubát, M. (2015) Virtual Currency Bitcoin in the Scope of Money Definition and Store of Value. Procedia Economics and Finance, 30: 409-416

[ GS ]

Lo, S., Wang, C. (2014) Bitcoin as money?, Current policy perspectives. Federal Reserve Bank of Boston

[ GS ]

Marković, I., Todorović, M. (2008) Spoljnotrgovinsko i carinsko poslovanje. Niš: Ekonomski fakultet

[ CR ] [ EČ ][ SC ][ GS ]

Miladinović-Bogavac, Ž. (2017) Business scam in saber space. Ekonomika, vol. 63, br. 4, str. 97-104

[ CR ] [ EČ ][ 1 ][ GS ]

Ranaldo, A., Soderlind, P. (2010) Safe Haven Currencies. Review of Finance, 14(3): 385-407

[ GS ]

Rogojanu, A., Badea, L. (2014) The issue of competing currencies: Case study – Bitcoin. Theoretical and Applied Economics, Volume XXI, No. 1(590), pp. 103-114

[ GS ]

Segendor, B. (2014) What is Bitcoin?. Sveriges riksbank economic review, 2014: 2

Stross, C. (2013) Why I want Bitcoin to die in a fire: Charlie's diary. December 18, http://www.antipope.org/charlie/blog-static/2013/12/why-i-want-bitcoin-to-die-ina.html

[ CR ] [ EČ ][ GS ]

van Alstyne, M. (2014) Why Bitcoin has value. Communications of the ACM, 57(5): 30-32

[ GS ]

Vrbíková, L., Vyskočil, J. (2014) Právní a daňové aspekty Bitcoinu. in: Zkušenosti s virtuálními měnami: Bitcoin měna budoucnosti?, Praha: Vysoká škola manažerské informatiky, ekonomiky a práva, p. 136-139

[ GS ]

Wu, C., Pandey, V. (2014) The value of bitcoin in enhancing the efficiency of an investor's portfolio. Journal of Financial Planning