Will Facebook’s Libra turn into a cancer?

Velasco, A.

& Chang, R. (2019). Will Facebook’s Libra turn into a cancer? Project Syndicate,

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Facebook's planned cyber currency, Libra, is little more than a glorified currency board – the failed arrangement that in 2001 caused the largest sovereign default the world had ever seen. A major risk is devaluation – and the problems don't stop there.

Item Type	Article
Copyright holders	© 2019 The Authors
Departments	LSE > Academic Departments > School of Public Policy
Date Deposited	08 Nov 2019
URI	https://researchonline.lse.ac.uk/id/eprint/102451

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Velasco, Andres

HG Finance

http://www.lse.ac.uk/school-of-public-policy/people/Andr%C3%A9s-Velasco/Andr%C3%A9s-Velasco (Author)
https://www.project-syndicate.org/commentary/facebook-libra-becomes-cancer-by-andres-velasco-and-roberto-chang-2019-07
https://www.project-syndicate.org/ (Official URL)

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Will Facebook’s Libra turn into a cancer?

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