2017 Fiscal Year Final Research Report
Economic Foundations of Cryptocurrency
| Project/Area Number |
15K13020
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| Research Category |
Grant-in-Aid for Challenging Exploratory Research
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| Allocation Type | Multi-year Fund |
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| Research Field |
Economic policy
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| Research Institution | Nihon University |
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Principal Investigator |
Saito Tetsuya 日本大学, 経済学部, 准教授 (80707422)
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| Co-Investigator(Kenkyū-buntansha) |
中村 靖彦 日本大学, 経済学部, 准教授 (90453977)
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| Project Period (FY) |
2015-04-01 – 2018-03-31
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| Keywords | 暗号通貨 / ブロックチェーン / 価格形成メカニズム |
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| Outline of Final Research Achievements |
This study focused on pricing mechanism of cryptocurrency (virtual currency) in order to deliver economic analysis of cryptocurrency. The result tells that the value of cryptocurrency is generated by the demand for blockchain, which is the basic technology of cryptocurrency, and accelerated by speculative activities attracted by the expected future demand.
Clarifying the theoretical framework of price formation of cryptocurrency will enable us to apply economics for analyzing cryptocurrency ecosystem. For example, rating cryptocurrency based on the theory will be useful for the public that needs evaluations of each cryptocurrency.
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| Free Research Field |
国際経済学
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