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We discuss the financial and monetary policy risks of digital currencies. Leverage is low in digital investments, so the impact of bursting bubbles on the banking system is small. Digital… Click to show full abstract
We discuss the financial and monetary policy risks of digital currencies. Leverage is low in digital investments, so the impact of bursting bubbles on the banking system is small. Digital currencies are unlikely to replace fiat paper currencies and thus present minimal risks for monetary policy.
Keywords:
policy issues;
monetary policy;
digital currencies;
stability monetary;
financial stability
Journal Title: Journal of Economics and Business
Year Published: 2018
Link to full text (if available)
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Journal Title: Journal of Economics and Business
Year Published: 2018
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!