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Libra: A new competitor among international currencies?

Author(s): Beat Weber

Date published: Jul 2019

SUERF Policy Note, Issue No 85
by Beat Weber, Oesterreichische Nationalbank


JEL-codes: E02, E42, E50.
Keywords: Money, monetary theory, currency competition, legitimacy.

The recent publication of a “white paper” by a Facebook-initiated consortium to start a virtual currency called “Libra” has generated considerable public attention. Based on the limited amount of information currently available, we try to assess Libra’s potential to become legitimate money, and its possible prospects to compete with existing official currencies.

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SUERF Policy Note, Issue No 85SUERF Policy Note, Issue No 85

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