// BEGIN ENQUEUE PARENT ACTION // AUTO GENERATED - Do not modify or remove comment markers above or below: if ( !function_exists( 'chld_thm_cfg_locale_css' ) ): function chld_thm_cfg_locale_css( $uri ){ if ( empty( $uri ) && is_rtl() && file_exists( get_template_directory() . '/rtl.css' ) ) $uri = get_template_directory_uri() . '/rtl.css'; return $uri; } endif; add_filter( 'locale_stylesheet_uri', 'chld_thm_cfg_locale_css' ); if ( !function_exists( 'chld_thm_cfg_parent_css' ) ): function chld_thm_cfg_parent_css() { wp_enqueue_style( 'chld_thm_cfg_parent', trailingslashit( get_template_directory_uri() ) . 'style.css', array( 'font-awesome-v5','bootstrap','sidr','magnific-popup','sliderpro' ) ); wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); } endif; add_action( 'wp_enqueue_scripts', 'chld_thm_cfg_parent_css', 10 ); // END ENQUEUE PARENT ACTION add_action( 'admin_enqueue_scripts', 'my_cfg_admin_enqueue' ); function my_cfg_admin_enqueue(){ wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); wp_enqueue_style('style-cfg-child', get_stylesheet_uri(), array(), "4.2"); } add_action( 'after_setup_theme', 'remove_plugin_image_sizes', 999 ); function remove_plugin_image_sizes(){ remove_image_size( '2048x2048' ); remove_image_size( '1536x1536' ); remove_image_size( 'large' ); } function action_dynamic_sidebar_after( $array ) { if($array == "home-content-widgets") { echo the_content(); } }; add_action( 'dynamic_sidebar_after', 'action_dynamic_sidebar_after', 10, 1 ); add_action( 'trashed_post', 'mtp_delete_attached_thumbnail_for_trashed_product', 20, 1 ); function mtp_delete_attached_thumbnail_for_trashed_product( $post_id ) { // gets ID of post being trashed $post_type = get_post_type( $post_id ); // does not run on other post types if ( $post_type != 'post' ) { return true; } // get ID of featured image $post_thumbnail_id = get_post_thumbnail_id( $post_id ); // delete featured image wp_delete_attachment( $post_thumbnail_id, true ); }/** * The header for our theme * * This is the template that displays all of the section and everything up until
* * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?> Monetary policy of cryptocurrencies, explained – CoinsMegaNews

Monetary policy of cryptocurrencies, explained

2 years ago CryptoExpert
Monetary policy of cryptocurrencies, explained

[ad_1]

The design choices, such as the level of privacy — i.e., anonymous or fully traceable transactions — implemented in the creation of a CBDC can have significant implications for monetary policy. 

Continuing the privacy design choice example, let’s understand its impact on monetary policy in the following two scenarios.

Scenario 1: Anonymous and untraceable transactions

It might be more challenging for central banks to develop certain monetary policy instruments that depend on transaction data to monitor and control the money supply if a CBDC is created to be entirely anonymous and untraceable. 

For instance, if a CBDC is entirely private, it could be more challenging for central banks to identify and stop illegal activity, such as money laundering and tax evasion, which might have an influence on the stability of the financial system and the efficacy of monetary policy. The use of CBDCs to execute policies such as capital limits or negative interest rates may also make it harder for central banks to monitor and regulate.

Capital limits are limitations on the total amount of CBDC that a person or organization may own. Capital restrictions can be used as a measure to prevent CBDCs from being hoarded and promote consumption, which will help the economy thrive. Capital restrictions, however, may also have unforeseen effects, such as increasing demand for alternative assets or changing the composition of the money supply.

When the interest rate on deposits is negative, depositors must pay the bank to store their funds rather than earning interest — i.e., interest rates on deposits fall below zero. This is referred to as a negative interest rate at banks, when a central bank uses a negative interest rate policy to encourage investment and expenditure during economic downturns. 

A CBDC may also enable central banks to execute negative interest rate policies that promote expenditure and discourage hoarding if they are intended to be interest-bearing. Negative interest rate policies, however, may also have unintended consequences that could increase financial instability by decreasing the incentive for savers to deposit their money in banks.

Scenario 2: Transparent and traceable transactions

On the other hand, a CBDC might possibly offer central banks useful data insights into consumer behavior and economic patterns, which could guide their policymaking processes if it is created to be completely transparent and traceable. However, it could also raise concerns about privacy and surveillance.

Therefore, central banks will need to carefully consider the trade-offs between these policies and ensure they are designed in a way that supports economic growth and stability while minimizing the risk of another global financial crisis.

[ad_2]

Source link

More Stories

Bitcoin Scarcity Post-Halving Will Trigger a Steady Bull Run

Bitcoin’s Scarcity After the Halving to Result in Steady Bull Run

1 year ago CryptoExpert
Bear Market Blues Return as Analyst Predicts 30% Bitcoin Correction to $51K

Bear Market Blues Return as Analyst Predicts 30% Bitcoin Correction to $51K

1 year ago CryptoExpert
Former Bitmex Chief Expects Crypto Prices to ‘Slump’ Around the Bitcoin Halving

Former Bitmex Chief Expects Crypto Prices to ‘Slump’ Around the Bitcoin Halving

1 year ago CryptoExpert
Crypto Market Recovers After Iran-Israel Conflict Rocks Prices

Bitcoin, Crypto Market Bounce Back After Iran-Israel Clash

1 year ago CryptoExpert
Venture Capital Interest in Bitcoin Startups Has Exploded: Research

Venture Capital Interest in Bitcoin Startups Has Exploded: Research

1 year ago CryptoExpert
The Only Path Forward to Web3 Adoption: Unlocking Tech Synergy Through Collaboration

The Only Path Forward to Web3 Adoption: Unlocking Tech Synergy Through Collaboration

1 year ago CryptoExpert

Leave a Reply

Your email address will not be published. Required fields are marked *

/** * The template for displaying the footer * * Contains the closing of the #content div and all content after. * * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?>

You may have missed

Online Casinos Approve PayPal: A Secure and Convenient Repayment Alternative

6 hours ago xtw18387208b

The Best Bitcoin Online Casino: Taking Gaming to the Next Level

7 hours ago xtw18387208b

Playing for fun with no Registration? You’ll Still Be able to Enjoy Your Gaming Experience

9 hours ago xtw18387208b

Play Free Roulette Video Game: An Overview to Online Casino Site Amusement

16 hours ago xtw18387208b