Shadow Exchange Rates – Changing the Winds with Headwinds and Tailwinds

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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
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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)