Bitcoin's Evolving Role: From Asset Class to Strategic Reserve
In this August 31, 2024 TFTC episode, Matthew Mežinskis focuses on Bitcoin's potential to reach $1 million in value.
Reserve currency
The rise and fall of the dollar (or when did the dollar replace sterling as the leading reserve currency?)
Full article summary: Eichengreen, B., Flandreau, M., 2009. The rise and fall of the dollar (or when did the dollar replace sterling as the leading reserve currency?) European Review of Economic History 13, 377-411.
U.S. Bitcoin Strategic Reserve: Implications and Opportunities
The August 13, 2024 Progressive Bitcoiner podcast featured a discussion between Yael Ossowski of the Consumer Choice Center and Pierre Rochard of Riot Platforms. It centered around the concept of a U.S. Bitcoin Strategic Reserve, a proposal driven by legislation from Senator Cynthia Lummis.
Can cryptocurrencies fulfill the functions of money?
Full article summary: Ammous, S., 2018. Can cryptocurrencies fulfil the functions of money? The Quarterly Review of Economics and Finance 70, 38-51.
Managing a Multiple Reserve Currency World
Full article summary: Eichengreen, B., 2010. Managing a multiple reserve currency world, in: Sachs, J.D., Kawai, M., Lee, J.-W., Woo, W.T. (Eds.), The Future Global Reserve System: An Asian Perspective. Asian Development Bank, Manila.
Do central banks rebalance their currency shares?
Full article summary: Chinn, M.D., Ito, H., McCauley, R.N., 2022. Do central banks rebalance their currency shares? Journal of International Money and Finance 122, 102557.
Reserve currency blocs: a changing international monetary system?
Full article summary: Tovar, C.E., Nor, T.M., 2018. Reserve currency blocs: a changing international monetary system? International Monetary Fund. IMF working paper no. 18/20