Affiliation:
1. Catholic University of Avila, Spain
2. King Juan Carlos University, Spain
Abstract
ABSTRACT The objective of this article is to analyze the two most important monetary laws that have been implemented in El Salvador, namely the Monetary Integration Law (MIL) and the Bitcoin Law. The most important articles of both laws will be analyzed, as well as the consequences of dollarization, and the possible advantages and risks associated with the adoption of Bitcoin as legal tender. Although this measure may have some positive aspects by encouraging financial innovation and facilitating remittances, the macroeconomic risk is very high due to the volatility of this cryptocurrency. So far no positive results have been achieved as the acceptance has been very low and there has been a depreciation of the asset in recent months.
Subject
Political Science and International Relations,General Economics, Econometrics and Finance,Sociology and Political Science
Reference77 articles.
1. Financial bubbles: A study of co-explosivity in the cryptocurrency market;Agosto A.;Risks,2020
2. The use of cryptocurrencies in the money laundering process;Albrecht C.;Journal of Money Laundering Control,2019
3. AA Decade of Cryptocurrency Investment Literature: A Cluster-Based Systematic Analysis;Almeida José;A International Journal of Financial Studies,2023
4. Digitalización de empresas y economía: tendencias actuales;Alonso S. N.,2022
5. Gender Gap in the Ownership and Use of Cryptocurrencies: Empirical Evidence from Spain;Alonso Sergio Luis Náñez;Journal of Open Innovation: Technology, Market, and Complexity,2023
Cited by
6 articles.
订阅此论文施引文献
订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献