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📊 Size: 739 KB
👤 Author: Mrs Kenedy
⬇️ Downloads: 181

Summary

This study investigates the effects of digital currency on monetary policy in Tanzania, using BTC and MBT as independent variables and M3 as a dependent variable, with quarterly time series data from 2014q1 to 2021q4. The Vector Error Correction Model (VECM) results indicate a significant negative relationship between BTC and M3, and a significant positive relationship between MBT and M3. The study concludes that digital currency has a significant effect on monetary policy in Tanzania and recommends that the government educate the public, strengthen monetary policy practices, and learn from other countries to inform its decision on whether to allow or reject digital currency.

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This study investigates the effects of digital currency on monetary policy in Tanzania, using BTC and MBT as independent variables and M3 as a dependent...

Technical Information

  • File Format: PDF
  • File Size: 739 KB
  • Pages: 16
  • Language: EN
  • Author: Mrs Kenedy
  • Total Downloads: 181
  • Last Updated: 6 days ago

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