Libra Cryptocurrency: Characteristics, Money Decentralization and Challenges
A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Financial Technology and Innovation".
Deadline for manuscript submissions: closed (30 April 2021) | Viewed by 10466
Special Issue Editor
Interests: financial economics; monetary economics; unconventional monetary policies; digital currencies
Special Issues, Collections and Topics in MDPI journals
Special Issue Information
Dear Colleagues,
Innovations in the financial system have been the epicenter of academic and financial debate since the launch of cryptocurrencies. The extraordinary bull market of digital currencies during 2017 has led to an increasing number of investors and speculators including Bitcoin and its substitutes in their portfolios. This has generated a trend for seeking alternative forms of liquidity for transactions and investments at a global scale. Central banks have started creating central bank digital currencies in order to provide more stable and controllable digital forms of money. The concept of such currencies is to prove friendlier to the public and investors as they will not suffer from large fluctuations.
In an effort to provide a digital currency with the characteristics of a stablecoin but accessible to billions of people and easy to employ, Facebook announced the launch of its own cryptocurrency, the so-called “Libra”. This is planned to make transactions as simple as sending a text message in Facebook. This project will enjoy the great advantage of already having more than 2.5 billion Facebook users as potential customers. If realized, Libra will become the most decentralized digital currency in the history of monetary economics. Its supporters claim that Libra will provide the necessary alternative form of liquidity for emerging economies that have limited access to traditional international currencies. The significant reduction in preference mismatching, transaction cost, and time spent could spur global prosperity and initiate the tendency for the creation of alternative highly decentralized global digital currencies. However, emphasis should be placed on legal issues and the protection of data privacy when platforms such as Facebook’s WhatsApp are employed in everyday transactions.
Research about Libra, its perils, characteristics, and perspectives generates great potentials for understanding monetary economics and acquiring deep knowledge concerning financial systems. The Libra paradigm can provide important lessons for the eras to come and present the transaction from traditional to highly innovative financial systems that could serve for the reduction of income inequalities. We invite both theoretical and empirical papers as well as cross-disciplinary studies about Libra, its characteristics, its legal issues, and its potential.
Prof. Dr. Nikolaos A. Kyriazis
Guest Editor
Manuscript Submission Information
Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.
Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.
Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.
Keywords
- decentralized payment systems
- financial accessibility
- low-cost transactions
- data privacy
- growth in emerging markets
Benefits of Publishing in a Special Issue
- Ease of navigation: Grouping papers by topic helps scholars navigate broad scope journals more efficiently.
- Greater discoverability: Special Issues support the reach and impact of scientific research. Articles in Special Issues are more discoverable and cited more frequently.
- Expansion of research network: Special Issues facilitate connections among authors, fostering scientific collaborations.
- External promotion: Articles in Special Issues are often promoted through the journal's social media, increasing their visibility.
- e-Book format: Special Issues with more than 10 articles can be published as dedicated e-books, ensuring wide and rapid dissemination.
Further information on MDPI's Special Issue polices can be found here.
