Hey guys,
I need the swarm-intelligence. Currently, I am writing my master thesis about how central banks currently work and if cryptocurrencies as private money and a potential replacement to fiat money may or may not become a threat to the central bank´s ability to operate since their control about the amount of fiat money in circulation is one of their most important instruments to operate. Therfore I am in need of qualitive good articles (or even scholars) that target this or related topics.
Every hint will be much appreciated. Thanks!
Cryptocurrencies being used as a replacement is going to greatly affect the government and also the poor masses. Lets look at how the banks work for example, the central bank needs fiat money or paper money as the case may be to give out loan to their customers and sometimes trade with it and the central bank also control the circulation of fiat money since the system is centralized. Cryptocurrencies price are not stable, they sometimes are inflated or deflated, now this is so because the system is decentralized and not being control by the central bank or government but by the demand from people, now which bank wants to give out loan or trade in an uncertain environment? definitely no bank. So cryptocurrency taken over fiat money will definitely pose a threat to the bank or government at large because they can't control the circulation.
