Date of Award
Doctor of Philosophy (PhD)
Political Science & Geography
This dissertation examines regulatory responses to global private currencies (GPCs). Through detailed analyses of the history and evolution of private digital currencies, and through case studies of the United States, the European Union, and China, this dissertation identifies five factors that condition regulatory responses: (1) compliance with anti-money laundering (AML) laws, (2) compliance with systems built for fiat currencies, (3) degree of transparency in operations, (4) culture of sovereignty within the nation, and (5) great power competition with other nations. Throughout the dissertation, various political, economic, social, technological, legal, and environmental (PESTLE) characteristics of GPCs are highlighted. This dissertation also proposes a ‘game transformation framework’ (GTF) by combining these PESTLE factors with concepts from game theory. A 2x2 game structure is used to analyze strategic interactions between governments in the three case studies and GPCs on a spectrum between cooperation and conflict.
Nandakumar, Girish S..
"The Political Economy of Global Private Currencies"
(2022). Doctor of Philosophy (PhD), Dissertation, Political Science & Geography, Old Dominion University, DOI: 10.25777/bbr2-fr08