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Export Crypto: A Paradigm Shift in Digital Currency Anchored to Economic Fundamentals and Global Trade
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نویسنده
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tajdinia saeid ,qezelbash mohammad ,mehrara mohsen ,lotfi ghahroud majid ,farajnezhad mohammad
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منبع
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iranian journal of economic studies - 2022 - دوره : 11 - شماره : 2 - صفحه:307 -321
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چکیده
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This paper introduces an innovative model of the central bank digital currency (cbdc), offering a novel perspective on its design and functionalities. it presents an innovative approach to digital currency design, introducing export crypto as a novel cryptocurrency that diverges from conventional central bank digital currencies (cbdcs) by anchoring its value not to fiat currencies but to intrinsic economic factors and global trade dynamics. in contrast to traditional cbdcs, our model relies on the principles of the purchasing power parity (ppp) model to establish a more robust and transparent link between cryptocurrency value and real economic activities. the core parameters for assessing the value of export crypto revolve around equitable trade balances among nations and their respective export volumes. this approach fundamentally deviates from the conventional practice of pegging digital currencies to a country's fiat currency. our research findings underscore that a cryptocurrency rooted in economic fundamentals can offer a more effective tool for managing the money supply, particularly in regions where traditional cbdcs may not be optimally suited. furthermore, export crypto's design can foster fair-trade practices and encourage sustainable economic growth by aligning its value with a nation's economic prowess and trade interactions on the global stage. this groundbreaking approach to central bank digital currency opens new avenues for enhancing economic stability and promoting equitable international trade relationships.
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کلیدواژه
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Central Bank Digital Currency (CBDC) ,Economic Characteristics ,Export
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آدرس
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university of tehran, faculty of economics, Iran, allameh tabataba’i university, financial engineering department, Iran, university of tehran, faculty of economics, Iran, state university of new york, department of technology and society, Korea, universiti teknologi malaysia, azman hashim international business school (ahibs), Malaysia
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Authors
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