Digital Currencies and the Power Shift in the Economy
Published 2019 · Asma Salman
Creative Business and Social Innovations for a Sustainable Future
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Abstract
The emerging economies are no longer growing as rapidly as in the past. As the technological disruption accelerates, a fundamental change is underway. In an industrialized world where the market is as unpredictable as it gets; the right mix of technology could be a game changer for the financial institutions. It’s a power struggle of sorts. The regulatory bodies are struggling to deal with the dynamic shift in market structure due to the eruption of digital currencies. The impact of Ethereum is studied through an estimated model and a montecarlo simulation is applied on its existing dynamic structure. As the currencies are decentralized, the power centralizes and the opportunities that emerge are noteworthy. An impact of the financial technology on the new digitized economy is realized through a time series data and estimations are made for the future.