•  
  •  
 

International Finance and Accounting

Abstract

The article discusses the use of cryptocurrencies and its impact on monetary policy, regulation of cryptocurrencies and central bank-issued digital currency. Scientific proposals and practical recommendations on regulation of cryptocurrencies in Uzbekistan have been developed.

References

1. Andolfatto, David (2018). Assessing the Impact of Central Bank Digital Currency on Private Banks/FEDERAL RESERVE BANK OF ST. LOUIS Research Division, Working Paper 2018-026C https://doi.org/10.20955/wp.2018.026 2. Bakar, A.B., Rosbi, S., Uzaki, K., 2017. Cryptocurrency framework diagnostics from Islamic finance perspective: a new insight of Bitcoin system transaction. Int. J. Manag. Sci. Busin. Administ. 4 (1), 19–28. 3. Barrdear, John and Michael Kumhof (2016). The Macroeconomics of Central Bank Issued Digital Currencies, Bank of England Staff Working Paper No. 605. 4. Bordo, Michael D. and Andrew T. Levin (2017). Central Bank Digital Currency and the Future of Monetary Policy, NBER Working Paper No. 23711. 5. Cecchetti, Stephen G. and Kermit L. Schoenholtz (2017). Fintech, Central Banking and Digital Currency, Money and Banking Blog, June 12, 2017. 6. Diamond, Douglas W. and Philip H. Dybvig (1983). Bank Runs, Deposit Insurance, and Liquidity, Journal of Political Economy, 91(3): 401-419. 7. Keister, Todd and Daniel Sanches (2018). Managing Aggregate Liquidity: The Role of a Central Bank Digital Currency, Working Paper. 8. Nurhisam, L., 2017. Bitcoin: islamic law perspective. Qudus Int. J. Islam. Stud. 5 (2), 85–100. 9. Ricks, Morgan, Crawford, John and Lev Menand (2018). A Public Option for Bank Accounts (Or Central Banking for All), Vanderbilt Law Research Paper 18-33; UC Hastings Research Paper No. 287. 10. Siswantoro D., Handika R., Farah A. (2020) The requirements of cryptocurrency for money, an Islamic view//Heliyon 6. https://doi.org/10.1016/j.heliyon.2020.e03235 11. European Central Bank (2012) Virtual Currency Schemes. October. Frankfurt a.M. 12. https://www.etftrends.com/will-cryptocurrency-replace-fiat-money-in-the-future/?utm_source=Yahoo&utm_medium=referral&utm_campaign=ReadMore 13. https://www.fxempire.com/forecasts/article/the-fiat-market-vs-the-cryptocurrency-market-competition-or-partnership-2-594569 14. https://www.fxempire.com/forecasts/article/the-fiat-market-vs-the-cryptocurrency-market-competition-or-partnership-2-594569 15. https://www.coindesk.com/central-bank-digital-currencies-need-decentralization

Share

COinS
 
 

To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.