Contents
The Growing Role of Cryptocurrency: What Does It Mean for Central Banks and Governments? / Jeong Hun Oh ; Kevin Nguyen 1
ABSTRACT 1
I. INTRODUCTION 2
II. WHAT IS CRYPTOCURRENCY? 3
III. CRYPTOCURRENCY FULFILLMENT IN THE ROLE OF MONEY 5
IV. CHANGES IN THE MONEY DEMAND AND THE MONEY SUPPLY 8
V. MONETARY POLICY IMPLICATIONS 15
VI. CASES OF NATIONAL RESPONSE TO CRYPTOCURRENCY 19
VII. CONCLUSIONS 20
REFERENCES 22