COMPETITION VERSUS MONEY: THE DIGITAL ROUBLE AND GRESHAM'S LAW

Authors

  • Alexander I. Yakovlev

Keywords:

digital ruble, competition, money, theory of money, monetary symbol, bimetallism, private money, Central Bank Digital Currency, Bitcoin

Abstract

The purpose of this study is to analyse the methodological aspect of the relationship between the fundamental economic categories of "competition" and "money" throughout the twentieth century. The author polemises with the position of Alfred Marshall and Friedrich von Hayek on Gresham's law as a specific form of monetary competition. The main results of the study include the positioning of the Russian Central Bank's digital rouble as a digital form of the state treasury bill, which allows, in the author's opinion, to correctly describe the specifics of competition in the field of digital currency

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Published

2022-09-25

How to Cite

Yakovlev, A. I. (2022). COMPETITION VERSUS MONEY: THE DIGITAL ROUBLE AND GRESHAM’S LAW. JOURNAL OF REGIONAL AND INTERNATIONAL COMPETITIVENESS, 3(3), 3-12. Retrieved from http://jraic.com/index.php/tor/article/view/88