International Congress on Eurasian Economies

International Conference on Eurasian Economies

18-20 June 2018 – Tashkent, UZBEKISTAN

Paper detail

Paper ID : 2142
Status : Paper published
Language : Turkish
Topic : Finance and Financial Crises
Presenter: Ph.D. candidate Ayşe Özge Artekin
Session : 3D Finans

The Rising Money Values of the Virtual World
Sanal Dünyanın Yükselen Para Değerleri

Abstract

With the rapid increase in the number of currencies recently called virtual money or crypto money and the value of over 500 billion dollars today, we can see that these currencies actually entered our life and have an international influence. The European Central Bank defined a virtual money as "…a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific virtual community." The virtual money, which is produced in a limited amount on the internet and has validity both in the internet domain and in the real life, has been offered to use conservation oriented value without depending on a certain center. Nowadays, virtual money is seen as an investment tool due to its rapid increase in its value as well as its use in electronic commerce. In this study, a more specific examination will be made on the virtual money, which is one of the gains of the economy and has a value even higher than the economies of some small countries in the world today, with the general outline of the concept of virtual money. In addition to, the study is aimed at developing a perspective on the future of virtual money.

JEL codes:

Artekin, Ayşe Özge, Soydal, Haldun (2018). "The Rising Money Values of the Virtual World" in Proceedings of International Conference of Eurasian Economies 2018, pp.472-480, Tashkent, UZBEKISTAN.

DOI: https://doi.org/10.36880/C10.02142

Full paper in PDF format.

Session 3D: Finans

Eurasian Economists Association Istanbul Beykent University Tashkent State University of Economics Kyrgyz-Turkish Manas University TIKA