Romain Baeriswyl, “Yesterday’s controversies for tomorrow’s money”
Swiss National Bank, Working paper n° 10/2026

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Ago 26 2026
Romain Baeriswyl, “Yesterday’s controversies for tomorrow’s money”Swiss National Bank, Working paper n° 10/2026

Abstract: While money has evolved from natural commodities to digital tokens, the debate about the ideal money has remained the same throughout the ages. Historical controversies about the origin, nature, and double-spending of money offer valuable insights for navigating the new forms of money tokens such as cryptocurrencies, central bank digital currencies and stablecoins.

https://www.snb.ch/en/publications/research/working-papers/2026/working_paper_2026_10

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