Business

Financial and market risks of bitcoin adoption as legal tender: evidence from El Salvador

G. Msefula, T. C. Hou, et al.

This study, conducted by Griffin Msefula, Tony Chieh-Tse Hou, and Tina Lemesi, delves into the impacts of El Salvador's Bitcoin adoption on financial stability. With revealing insights from a structural vector autoregressive model, discover how Bitcoin affects remittances, the money multiplier, and gold prices, highlighting both promising international business opportunities and risks to monetary policy.

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Playback language: English

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