Quantum money

Ledenyov, Dimitri O. and Ledenyov, Viktor O. (2015): Quantum money.

Abstract

The quantum money (q-money) as a possible convenient, socially innovative, technologically attractive and user/issuer friendly value storing/not storing unit, mean of payment and exchange medium in the advanced financial systems of the developed states is a subject of our scientific interest in this research article. The purpose of this research article is to report on a number of topics: 1. The historical evolution of the money in the financial systems within the economies of the scales and scopes over the centuries. 2. The definition on the electronic money in the financial systems within the economies of the scales and scopes. 3. The proposal and definition on the quantum money in the financial systems within the economies of the scales and scopes. 4. The theoretical framework on the quantum money functional principles in the financial systems within the quantum economies of the scale and scopes. 5. The monetary policies toward the quantum money introduction and functioning in the financial systems within the economies of the scales and scopes. 6. The possible change impacts by the quantum money on the central banks’ existing monetary policies and the financial systems structure within the economies of the scales and scopes. We believe that the quantum money is more convenient for the existing financial and economic systems, which can be accurately characterized by the quantum macroeconomic theory in Ledenyov D O, Ledenyov V O (2015h) and the quantum microeconomics theory in Ledenyov D O, Ledenyov V O (2015j) instead of the classic macroeconomics and microeconomics theories. The authors think that the present transition to the quantum money (q-money) from the electronic money (e-money) in the finances can be conditionally compared with the present transition to the quantum devices (lasers, quantum random number generators, quantum computers) from the electronic devices (vacuum tubes, transistors, integrated circuits, analog computers, digital computers) in the electronics.

• Item Type: MPRA Paper
• Language: English
• Keywords: quantum money, quantum network, electronic money, money network, cell phone money, paper money, electronic currency, electronic purse, digital cash, digital wallet, bit coin, currency competition, electronic payments instruments, debit cards, credit cards, stored-value cards, smart cards, transaction cost, nominal/real quantum money supply, nonlinearities, quantum econophysics science, probability science, econometrics science, finances science, financial policy, monetary policy, treasures, central banks, global capital markets.
• Subjects: C - Mathematical and Quantitative Methods > C0 - General; G - Financial Economics > G0 - General; G - Financial Economics > G1 - General Financial Markets > G15 - International Financial Markets; G - Financial Economics > G2 - Financial Institutions and Services > G20 - General; G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages; G - Financial Economics > G2 - Financial Institutions and Services > G23 - Non-bank Financial Institutions ; Financial Instruments ; Institutional Investors; G - Financial Economics > G2 - Financial Institutions and Services > G28 - Government Policy and Regulation; G - Financial Economics > G2 - Financial Institutions and Services > G29 - Other

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