at Google ScholarTitle data
Ernstberger, Philip:
Linden Dollar and Virtual Monetary Policy.
Bayreuth
:
Universität Bayreuth
,
2009
. - 20 S.
- (Diskussionspapiere / Universität Bayreuth, Forschungsstelle für Bankrecht und Bankpolitik
)
Abstract in another language
Growing activity and commitment of money in Second Life motivate the analysis of its economic and monetary system. It is stated that the allocation of resources to the virtual world can increase utility. Resulting demand for virtual goods drives demand for Linden Dollars - the unit of exchange used in Second Life. Since these can be interpreted as money, the effects of monetary policy are shown, which if unanticipated are fully reflected in a change of demand for virtual goods. If money flows out of the economy, costs of maintaining the fixed currency peg arise. In a currency crises model these are weighed against costs of depreciating the currency.
Further data
| Item Type: | Working paper, discussion paper |
|---|---|
| Institutions of the University: | Faculties > Faculty of Law, Business and Economics > Department of Economics > Chair Economics I - International Economics and Finance > Chair Economics I - International Economics and Finance - Univ.-Prof. Dr. Bernhard Herz Faculties Faculties > Faculty of Law, Business and Economics Faculties > Faculty of Law, Business and Economics > Department of Economics Faculties > Faculty of Law, Business and Economics > Department of Economics > Chair Economics I - International Economics and Finance |
| Result of work at the UBT: | Yes |
| DDC Subjects: | 300 Social sciences > 330 Economics |
| Date Deposited: | 15 May 2015 12:32 |
| Last Modified: | 04 Apr 2019 05:40 |
| URI: | https://eref.uni-bayreuth.de/id/eprint/13547 |