Document Type : Original Article
Authors
1
Associate Professor of Economics, Faculty of Economics, Kharazmi University,iran
2
Phd student of monetary economy,department of economy shiraz university,iran
3
Associate Professor of Economics, Department of Economics, Faculty of Social Sciences, Management and Economics, Shiraz University, Iran
4
Associate Professor economics department of Economic Sciences, Faculty of Business and Economics, persian golf university,iran
10.22034/oajre.2024.473056.1094
Abstract
Many people around the world have been eager to work with this new currency since 2013 as cryptocurrencies took off, yet most people have limited information about this new technology. These days, the importance of cryptocurrency is so much that even recently the first university course has been launched as cryptocurrency. This new course is taught at the University of Nicosia, the largest university in Cyprus. Nowadays, the category of cryptocurrencies is very important for governments, and identifying the impact of cryptocurrencies fluctuations on macroeconomic variables such as consumption, production, unemployment, and monetary policies is an important issue for central banks and, accordingly, governments. The results of studies conducted in the field of cryptocurrencies and monetary shocks and their impact on macroeconomic variables show that many studies that used stochastic dynamic general equilibrium models analyzed the role of government money in the economy, in this regard, our research presents new perspectives and new evidence on the underlying mechanisms of cryptocurrency spillover effects in the economy. This research can also be a guide for investors and policy makers who are working in the central bank, and how researchers should act against the cryptocurrency ecosystem in the future.
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