arbiter
JournalsPricingAccount

Cryptocurrencies, Money Demand, and Monetary Policy

Muhammad Zubair Mumtaz et al.

Bulletin of Monetary Economics and Banking2025https://doi.org/10.59091/2460-9196.1722article
ABDC C
Weight
0.37

What the paper says

This study examines the nexus between money demand and cryptocurrencies by estimating two simultaneous equations using Divisia indices as a proxy for money demand and volume traded for cryptocurrencies. The study examines the linkage between cryptocurrencies and money demand and their potential influence over monetary policy actions. It finds that the volume of cryptocurrencies traded negatively influences money demand. Moreover, we see a positive association between money demand and cryptocurrencies, implying that as the demand for money increases, the demand for cryptocurrencies increases. Further, we examine the determinates of cryptocurrencies and report that the return of cryptocurrencies, the financial development index, GDP, inflation, and stock market indices are significant predictors of the demand for cryptocurrencies.

1 citation

Open paper page →

Cite this paper

https://doi.org/https://doi.org/10.59091/2460-9196.1722

Or copy a formatted citation

@article{muhammad2025,
  title        = {{Cryptocurrencies, Money Demand, and Monetary Policy}},
  author       = {Muhammad Zubair Mumtaz et al.},
  journal      = {Bulletin of Monetary Economics and Banking},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.59091/2460-9196.1722},
}

Paste directly into BibTeX, Zotero, or your reference manager.

Flag this paper

Cryptocurrencies, Money Demand, and Monetary Policy

Flags are reviewed by the Arbiter methodology team within 5 business days.

Evidence weight

0.37

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

F · citation impact0.16 × 0.4 = 0.06
M · momentum0.53 × 0.15 = 0.08
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.