Idiosyncrasies of Money: 21st Century Evolution of Money
نویسندگان
چکیده
This paper examines the question of what kind money will govern 21st century by examining developments which characterise this landscape. On basis a review available literature and evidence, it is clear that certain technological innovations, such as movement towards electronic money, undoubtedly change how we operate. However, conclusion in less sanguine regarding prospects global currency, regional monetary unions, or states’ exit from central banks’ control money. also sees poor for cryptocurrencies at moment, given their focus on decentralisation politicisation because requires backstopping force, making inherently political. Finally, considers regulators may seek to ensure its digital form not taken advantage applied malevolent activities. The study used correlation establish level association among variables. A multiple regression analysis was draw an econometric model explaining relationship between independent dependent following variables were variables: aggregate (M1), harmonised index consumer prices (HICP), Euro Interbank Offered Rate (EURIBOR), US dollar/euro, USD value Bitcoin. Multiple predicted when inflation rises, supply decrease. M1 includes cash circulation, current deposits, other than demand deposits. concludes price increases encourage people keep longer-term including cryptocurrency. Additionally, increase EURIBOR dollar/euro reduces Otherwise, bitcoin economy would overall supply.
منابع مشابه
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ژورنال
عنوان ژورنال: Economies
سال: 2021
ISSN: ['2227-7099']
DOI: https://doi.org/10.3390/economies9010040