The popularity of cryptocurrency can have an impact on the overall economy and economic performances of certain sectors of the economy. However, l don't think this is one of the main determinants when considering the direction of the monetary policy of any country. That said, investing in cryptocurrency for most people is done out of their disposable incomes. In that case, given the present skepticism about crypto by most governments around the world, they can use monetary policy tools to discourage investment in crypto. For instance, increased interest rates will get people to save more of their disposable incomes, reduce borrowing, but you have to consider the wider implications of these policies. That's why most governments prefer to regulate the crypto industry rather than using their fiscal or monetary policies.
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Topic: ACADEMIC STUFF: CRYPTO AND MONETARY POLICY (Read 132 times)
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Fellows, I'm thinking about beginning a academic research about the most probable changes in monetary policy with the spread of crypto, as a monography to finish my Economics course. Do you know some 'formal' (i.e., more academic) stuff I could search in order to gather information about this topic?
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