أثر العملات الافتراضية على السياسة النقدية و البنك المركزي

Other Title(s)

The effect of virtual currencies on monetary policy and the central bank

Author

سيماء محسن علاوي

Source

مجلة كلية بغداد للعلوم الاقتصادية الجامعة : مجلة علمية محكمة نصف سنوية تعنى بالدراسات و البحوث الاقتصادية و الإدارية و المعلوماتية

Publisher

Baghdad College of Economic Sciences University

Publication Date

2020-12-31

Country of Publication

Iraq

No. of Pages

13

Main Subjects

Economy and Commerce

Topics

• Monetary policy
• Central banks
• Digital currency
• Commercial banks
• Negativity bias
• Analytical approach

English Abstract

This research is concerned with the study of virtual or digital currencies, the emergence of which has been controversial because of the risks involved as it is dominated by instability and high volatility in the value of prices in exchanges as well as the possibility of penetration and piracy.

Naturally, if these currencies are expanded, they will have negative effects on the monetary policies of countries.

This study will examine the impact of these currencies on the functions of the central bank and the performance of monetary policy.

This study sheds light on the evolution of Bitcoin as the most prominent image of these virtual currencies, and monitors the attitudes of the world countries towards it, whether rejected or welcomed.

The study aimed to get acquainted with the concept and types of virtual currencies and take note of the position of the countries of the world on them.

To reach this goal, the descriptive and analytical method was used.

The study also reached many conclusions from it against the advantages enjoyed by virtual money, but its risks as a financial tool are very high, both for individuals or for the overall economy.

Also, the effects of virtual money on monetary policy depend on the prevalence and prevalence of dealing with it.

Data Type

Conference Papers

Record ID

BIM-1261594

• APA
• MLA
• AMA