Cryptocurrency And Monetary Policy , Cryptocurrency to affect monetary policy. Responsible central bankers should therefore welcome the flourishing of cryptocurrencies as a way to bind their institutions to the mast of prudent monetary policy. By abhibhav dujodwala may 11, 2021.
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According to king (1999), ceasing to be the monopoly supplier of such reserves would indeed deprive central banks of their ability to carry out monetary policy. Monetary policy refers to central banks’ decisions to influence the price of money and the amount of money in the economy. In the case of a.
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