[Translation] What impact do cryptocurrencies have on monetary policy?
A New Academic ReportAccording tocryptocurrencies, these have the potential to improve citizens' welfare and promote investment in rural areas.
A New York University professor-led study examined
“How might private digital currencies influence government policy?”
The conclusion drawn by referencing econometrics and much prior research is that cryptocurrencies such as Bitcoin could suppress monetary policy and, by achieving more optimal resource allocation, have a broader positive impact on the economy.
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