Analiza utjecaja digitalnih i virtualnih valuta u makroekonomiji

master's thesis

• Title (english): Analysis of the Impact of Digital and Virtual Currencies in Macroeconomics
• Author: Matea Maloča
• Mentor: Josip Tica (mentor)
• Committee member: Josip Tica (predsjednik povjerenstva)
• Committee member: Tomislav Globan (član povjerenstva)
• Committee member: Lucija Rogić Dumančić (član povjerenstva)
• Granter: University of Zagreb; Faculty of Economics and Business; (Department of Macroeconomics and Economic Development); Zagreb
• Defense date and country: 2024-06-26, Croatia
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Economics; Macroeconomics

Abstract

U ovom radu proučava se utjecaj digitalnih i virtualnih valuta u makroekonomskom kontekstu. Kvalitativnom analizom sekundarnih podataka istražen je razvoj novca i monetarne politike od barter razmjene pa sve do elektroničkog novca i kriptovaluta. Veliki je naglasak stavljen na uspostavu pravilne taksonomije i definiranje pojmova virtualnih i digitalnih valuta, ali i na razumijevanje tehnoloških pojmova poput distributed ledger tehnologije i različitih mehanizama konsenzusa. Razvoj ovih valuta predstavljen je prateći preteče Bitcoina, sam Bitcoin, altcoinove, stablecoinove i digitalne valute središnjih banaka (CBDC). Detaljnije su proučene digitalne valute središnje banke Kine, Švedske, Bahama i Europske unije (ECB). Istraženo je da postoje podaci o tome da CBDC, koristeći distributed ledger tehnologiju, može povećati efikasnost provedbe monetarne politike i pružiti preciznije informacije o tržišnim kretanjima. S druge strane, dok se ostale digitalne i virtualne valute ne prihvate kao legitimna sredstva plaćanja, njihova primjena, ali i utjecaj na monetarnu politiku, ostaje ograničen.

Abstract (english)

This paper examines the impact of digital and virtual currencies in a macroeconomic context. Through qualitative analysis of secondary data, the development of money and monetary policy from barter exchange to electronic money and cryptocurrencies is explored. Significant emphasis is placed on establishing a proper taxonomy and defining terms for virtual and digital currencies, as well as understanding technological concepts such as distributed ledger technology and various consensus mechanisms. The development of these currencies is presented by tracing the precursors of Bitcoin, Bitcoin itself, altcoins, stablecoins, and central bank digital currencies (CBDCs). The CBDCs of China, Sweden, the Bahamas, and the
European Union (ECB) are examined in more detail. Research has shown that CBDCs, by utilizing distributed ledger technology, can increase the efficiency of monetary policy and provide more accurate information about market movements. On the other hand, until other digital and virtual currencies are accepted as legitimate means of payment, their application and
impact on monetary policy remain limited.

• Keywords: kriptovalute; digitalne valute; virtualne valute; CBDC; monetarna politika
• Keywords (english): cryptocurrencies; digital currencies; virtual currencies; CBDC; monetary policy
• Language: croatian
• URN:NBN: urn:nbn:hr:148:451877
• Study programme: Title: /; Study programme type: university; Study level: integrated undergraduate and graduate; Academic / professional title: sveučilišni magistar ekonomije/sveučilišna magistra ekonomije (sveučilišni magistar ekonomije/sveučilišna magistra ekonomije)
• Type of resource: Text
• File origin: Born digital
• Access conditions: Open access
• Created on: 2024-06-27 21:34:53