Evaluation the effects of cryptocurrency technology development on the future of country's economic and banking system using multi-criteria decision-making models

Document Type : Research Paper

Authors

1 University of Tehran Kish International Campus Department of Social and Behavioral Sciences kish iran

2 Faculty of Economics. University Of Tehran.Tehran. Iran

Abstract

The progress of cyberspace technologies has transformed the economy in such a way that the digital economy has become one of the most influential and effective drivers of countries' development. Cryptocurrency technology, as one of the most important components of the digital economy, brings opportunities and threats to countries. In fact, lack of in real time attention and adoption of effective policies in the economic and banking system can cause irreparable consequences. In this article, in order to give weight to criteria and the measure of criteria; By considering triple criteria which are include macroeconomic and investment, micro and technical economy and political, security and legal criteria; evaluation and prioritization of different monetary options have been done by using the hierarchical analysis method and The effects of cryptocurrency technology on the monetary and banking system were analyzed based on these three criteria. Among the 24 criteria which are determined by experts, not creation of money and inflation control is the first positive effect of cryptocurrency technology on the banking system. Results of this research show that macroeconomic development of cryptocurrency and electronic money technology has the most impact on the future economic and banking system of the country

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References

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Journal of Technology Development Management
Volume 11, Issue 3
December 2023
Pages 133-168

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History

  • Receive Date: 15 July 2023
  • Revise Date: 30 April 2024
  • Accept Date: 30 April 2024

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