Araştırma Makalesi
BibTex RIS Kaynak Göster
Yıl 2023, Cilt: 5 Sayı: 1, 32 - 44, 30.06.2023

Öz

Kaynakça

  • Bougie, R., & Sekaran, U. (2019). Research methods for business: A skill building approach. John Wiley & Sons.
  • Bugallo, C. (2013). Política Cambiaria. sf.
  • Claeys, G., Demertzis, M., & Efstathiou, K. (2018). Cryptocurrencies and monetary policy. Bruegel Policy Contribution.
  • Elhaj, M. R., & Barakeh, M. Z. (2015). The Impact of E-commerce on travel agencies profitability in respect of size: evidence from the US. Advances in Economics and Business, 3(10), 436–446.
  • Franco, P. (2014). Understanding Bitcoin: Cryptography, engineering and economics. John Wiley & Sons.
  • Goldberg, J. E., Klee, E., Prescott, E. S., & Wood, P. R. (2020). Monetary policy strategies and tools: financial stability considerations.
  • Harrison, J., & Mano, R. (2015). Accounting for virtual currency transactions. Journal of the Utah Academy of Sciences, Arts & Letters, 92, 109–118.
  • Kareem, T. S., Owomoyela, S. K., & Oyebamiji, F. F. (2014). Electronic commerce and business performance: An empirical investigation of business organizations in Nigeria. International Journal of Academic Research in Business and Social Sciences, 4(8), 215.
  • Kendirli, S. , Şenol, F. Y. & Ergenoğlu, S. (2022). Analysis oF The Relationship Between Cryptocurrency Index (CCi30), BIST 100, and NASDAQ with Granger Causes Test . Quantrade Journal of Complex Systems in Social Sciences , 4 (2) , 35-43 .
  • Kendirli, S. & Şenol, F. Y. (2021). Cryptocurrencies in the Framework of Chaos Theory and the Relationship of Cryptocurrencies with Big Exchanges . Quantrade Journal of Complex Systems in Social Sciences , 3 (2) , 15-23 .
  • Nakamoto, N., Kaplan, D. E., Coleclough, J., Li, Y., Valiga, M. E., Kaminski, M., Shaked, A., Olthoff, K., Gostick, E., & Nakamoto, S. (2009). Bitcoin: A peer-to-peer electronic cash system Bitcoin: A Peer-to-Peer Electronic Cash System. Bitcoin. Org. Disponible En Https://Bitcoin. Org/En/Bitcoin-Paper.
  • Procházka, D. (2018). Accounting for bitcoin and other cryptocurrencies under IFRS: A comparison and assessment of competing models. The International Journal of Digital Accounting Research, 18(24), 161–188.
  • Sekaran, U., & Bougie, R. (2016). Research methods for business: A skill building approach. john wiley & sons.
  • Tschorsch, F., & Scheuermann, B. (2016). Bitcoin and beyond: A technical survey on decentralized digital currencies. IEEE Communications Surveys & Tutorials, 18(3), 2084–2123.
  • Ulusoy, T., Çelik, M.Y. (2019). Is It Possible to Understand the Dynamics of Cryptocurrency Markets Using Econophysics? Crypto-Econophysics. In: Hacioglu, U. (eds) Blockchain Economics and Financial Market Innovation. Contributions to Economics. Springer, Cham.
  • Uygun, O. (2019). Using Blockchain and Cryptocurrency A Model of Resources Based Economy . Quantrade Journal of Complex Systems in Social Sciences , 1 (1) , 40-46

Impact of using cryptocurrencies on monetary policy: A model of El Salvador

Yıl 2023, Cilt: 5 Sayı: 1, 32 - 44, 30.06.2023

Öz

In this study, the positive impact of cryptocurrencies on the monetary policy represented by the financial and banking sector of the State of El Salvador is evaluated for being one of the countries that do not have a national currency; in order to measure the extent of confidence and acceptance of banks and their customers in El Salvador to adopt cryptocurrencies in the field of banking and financial work, in addition to the possibility of issuing cryptocurrencies by the Central Bank of El Salvador. The evaluation tool was a questionnaire with two models; the first was for the banking sector, as it was distributed to a group of managers and employees of the 6 largest banks in El Salvador, and the second model was for the financial sector and included a group of companies and individuals dealing in cryptocurrencies. SPSS26 was used to analyze the answers to the questionnaire. A statistically significant impact relationship was found to adopt of cryptocurrencies and the monetary policy of the banking sector by reducing the costs of banking services and raising operational efficiency, developing and upgrading banking services. It was found that there is a statistically significant influence relationship for the adoption of encrypted currencies, the monetary policy of the financial sector, the development of e-commerce, in addition to the use of the e-wallet. The recommendations encourage the responsible authorities in El Salvador to move towards the application of cryptocurrency trading while strengthening the necessary legal and regulatory frameworks that govern and regulate existing transactions using cryptocurrencies and e-commerce, in addition to developing and promoting the use of their new technologies in a comprehensive manner.

Kaynakça

  • Bougie, R., & Sekaran, U. (2019). Research methods for business: A skill building approach. John Wiley & Sons.
  • Bugallo, C. (2013). Política Cambiaria. sf.
  • Claeys, G., Demertzis, M., & Efstathiou, K. (2018). Cryptocurrencies and monetary policy. Bruegel Policy Contribution.
  • Elhaj, M. R., & Barakeh, M. Z. (2015). The Impact of E-commerce on travel agencies profitability in respect of size: evidence from the US. Advances in Economics and Business, 3(10), 436–446.
  • Franco, P. (2014). Understanding Bitcoin: Cryptography, engineering and economics. John Wiley & Sons.
  • Goldberg, J. E., Klee, E., Prescott, E. S., & Wood, P. R. (2020). Monetary policy strategies and tools: financial stability considerations.
  • Harrison, J., & Mano, R. (2015). Accounting for virtual currency transactions. Journal of the Utah Academy of Sciences, Arts & Letters, 92, 109–118.
  • Kareem, T. S., Owomoyela, S. K., & Oyebamiji, F. F. (2014). Electronic commerce and business performance: An empirical investigation of business organizations in Nigeria. International Journal of Academic Research in Business and Social Sciences, 4(8), 215.
  • Kendirli, S. , Şenol, F. Y. & Ergenoğlu, S. (2022). Analysis oF The Relationship Between Cryptocurrency Index (CCi30), BIST 100, and NASDAQ with Granger Causes Test . Quantrade Journal of Complex Systems in Social Sciences , 4 (2) , 35-43 .
  • Kendirli, S. & Şenol, F. Y. (2021). Cryptocurrencies in the Framework of Chaos Theory and the Relationship of Cryptocurrencies with Big Exchanges . Quantrade Journal of Complex Systems in Social Sciences , 3 (2) , 15-23 .
  • Nakamoto, N., Kaplan, D. E., Coleclough, J., Li, Y., Valiga, M. E., Kaminski, M., Shaked, A., Olthoff, K., Gostick, E., & Nakamoto, S. (2009). Bitcoin: A peer-to-peer electronic cash system Bitcoin: A Peer-to-Peer Electronic Cash System. Bitcoin. Org. Disponible En Https://Bitcoin. Org/En/Bitcoin-Paper.
  • Procházka, D. (2018). Accounting for bitcoin and other cryptocurrencies under IFRS: A comparison and assessment of competing models. The International Journal of Digital Accounting Research, 18(24), 161–188.
  • Sekaran, U., & Bougie, R. (2016). Research methods for business: A skill building approach. john wiley & sons.
  • Tschorsch, F., & Scheuermann, B. (2016). Bitcoin and beyond: A technical survey on decentralized digital currencies. IEEE Communications Surveys & Tutorials, 18(3), 2084–2123.
  • Ulusoy, T., Çelik, M.Y. (2019). Is It Possible to Understand the Dynamics of Cryptocurrency Markets Using Econophysics? Crypto-Econophysics. In: Hacioglu, U. (eds) Blockchain Economics and Financial Market Innovation. Contributions to Economics. Springer, Cham.
  • Uygun, O. (2019). Using Blockchain and Cryptocurrency A Model of Resources Based Economy . Quantrade Journal of Complex Systems in Social Sciences , 1 (1) , 40-46
Toplam 16 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular Mikro İktisat (Diğer)
Bölüm Araştırma Makalesi
Yazarlar

Ahmed Mezher Abed 0000-0002-8737-4544

Yayımlanma Tarihi 30 Haziran 2023
Kabul Tarihi 27 Haziran 2023
Yayımlandığı Sayı Yıl 2023 Cilt: 5 Sayı: 1

Kaynak Göster

APA Abed, A. M. (2023). Impact of using cryptocurrencies on monetary policy: A model of El Salvador. Quantrade Journal of Complex Systems in Social Sciences, 5(1), 32-44.

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