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Cryptocurrency and Macroeconomic Dynamics: Case of 10 Asian Economies

Fatma Abdelkaoui et al.

South Asian Journal of Macroeconomics and Public Finance2024https://doi.org/10.1177/22779787241245780article
AJG 1ABDC C
Weight
0.56

What the paper says

This research study investigates the impact of cryptocurrency on economic growth in 10 countries across Asia during past period 2013–2020. For this purpose, the sample included a range of economies with the highest number of Bitcoin usages or transactions. For this purpose, the sample included a range of economies with the highest number of Bitcoin usages or transactions, according to recent international rankings. With specific empirical means on panel data modelling, we attempted to show that economic growth, was influenced negatively by the cryptocurrency ‘Bitcoin’, and we concluded that this instrument leads to an increase in the inflation rate in a country according to the quantity theory of money and leads to a disorder in the monetary policy of a country. Our framework shows that the economic growth proxy was substantially influenced positively by economic indicators such as technology, investment and education but negatively by the high rate of participation, which caused an increase in unemployment. Our empirical results offer insights and insist on the importance of the intervention of the authorities to oversee and control the use of the cryptocurrency Bitcoin to avoid its negative effects and implement a strategy that overcomes these effects from a macroeconomic perspective. JEL Classification: E22, E24, E42, F43, E44, E52

4 citations

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https://doi.org/https://doi.org/10.1177/22779787241245780

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@article{fatma2024,
  title        = {{Cryptocurrency and Macroeconomic Dynamics: Case of 10 Asian Economies}},
  author       = {Fatma Abdelkaoui et al.},
  journal      = {South Asian Journal of Macroeconomics and Public Finance},
  year         = {2024},
  doi          = {https://doi.org/https://doi.org/10.1177/22779787241245780},
}

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Cryptocurrency and Macroeconomic Dynamics: Case of 10 Asian Economies

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Evidence weight

0.56

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.60 × 0.4 = 0.24
M · momentum0.60 × 0.15 = 0.09
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.