Research Info

Many people around the world have been eager to work with this new currency since 2013 as crypt currencies took off, yet most people have limited information about this new technology. These days, the importance of crypt currency is so much that even recently the first university course has been launched as crypto currency. This new course is taught at the University of Nicosia, the largest university in Cyprus. Nowadays, the category of crypto currencies is very important for governments, and identifying the impact of crypto currencies fluctuations on macroeconomic variables such as consumption, production, unemployment, and monetary policies is an important issue for central banks and, accordingly, governments. The results of studies conducted in the field of crypt currencies and monetary shocks and their impact on macroeconomic variables show that many studies that used stochastic dynamic general equilibrium models analyzed the role of government money in the economy, in this regard, our research presents new perspectives and new evidence on the underlying mechanisms of crypt currency spillover effects in the economy. This research can also be a guide for investors and policy makers who are working in the central bank, and how researchers should act against the crypto currency ecosystem in the future. The results of this section indicate that the central bank's reaction to the growth rate of the total index of the real sector of the economy against the reaction to the deviation of the total index from its long-term equilibrium level can be more effective in reducing the real effects of the shocks of the real sector of the economy on macroeconomic variables, because the central bank controls the status of asset yield in other parallel markets such as currency, price levels, deposits and loans, and Therefore, reacting to the emotional dynamics of the market return against reacting to the level of the market index more guarantees the stability of the macro economy.