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Title Shadow Exchange Rates – Changing the Winds with Headwinds and Tailwinds
Authors Yoshimori, M.
ORCID
Keywords криптовалюта
криптовалюта
cryptocurrency
фіат валюта
бумажная валюта
fiat currency
курс обмена
курс валюти
exchange rate
Type Article
Date of Issue 2019
URI http://essuir.sumdu.edu.ua/handle/123456789/73915
Publisher Sumy State University
License
Citation Yoshimori, M. (2019). Shadow Exchange Rates – Changing the Winds with Headwinds and Tailwinds. SocioEconomic Challenges, 3(2), 78-88. http://doi.org/10.21272/sec.3(2).78-88.2019.
Abstract This paper summarizes the arguments and counterarguments within the academic discussion on the issue of double exchange rates – official exchange rates and unofficial exchange rates – produced by the cryptocurrency bitcoin (BTC). The policy conclusion of this research is that cryptocurrency exchange rates ought to be monitored by authorized organizations because of unsustainable price volatility. The relevance of the decision of this scientific problem is that some unofficial exchange rates are likely to have higher volatility caused by BTC’s bubble and burst than by the official exchange rate.
Appears in Collections: SocioEconomic Challenges (SEC)

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