Cryptocurrency Unveiled: Assessing the Effects on Financial Stability

Saleem, M.N., Izadi, Javad ORCID: https://orcid.org/0000-0001-5607-5077 and Doumenis, Y. (2024) Cryptocurrency Unveiled: Assessing the Effects on Financial Stability. Eliva Press. ISBN 9789999319041

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Abstract

In "Cryptocurrencies Unveiled," Mohamed Nihal Saleem, along with Dr. Javad Izadi and Dr. Yianni Doumenis, delves deep into the dynamic and often misunderstood world of cryptocurrencies and their influence on the U.S. financial system. This book provides a meticulous analysis of how digital currencies like Bitcoin and Ethereum are reshaping financial landscapes, impacting everything from the stock market to traditional banking operations.

Using a robust mix of linear regression models, Granger causality tests, and case studies—including the collapse of the FTX exchange—the authors unveil a complex picture. They demonstrate a strong correlation between cryptocurrency market capitalization and key financial indicators such as the Dow Jones Industrial Average and Consumer Price Index, revealing the growing significance of digital currencies in the global economy. Yet, their influence on the U.S. dollar remains limited, a finding that challenges common perceptions about the disruptive potential of cryptocurrencies.

"Cryptocurrencies Unveiled" is an indispensable resource for policymakers, financial industry stakeholders, and academics. It not only navigates through the intricacies of crypto-finance but also highlights crucial insights for managing the challenges and leveraging the opportunities presented by the rise of digital currencies. This book is a call to further investigation and understanding as cryptocurrencies continue to evolve and integrate into mainstream financial systems.

Item Type: Book
Subjects: Business and finance > Accounting and finance
Depositing User: Marc Forster
Date Deposited: 25 Nov 2024 11:20
Last Modified: 25 Nov 2024 11:20
URI: https://repository.uwl.ac.uk/id/eprint/12931

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