Title:
THE POTENTIAL ROLE OF DIGITAL MONEY IN THE EMERGENCE OF ECONOMIC CRISES

Authors:
Ahmed Khudhair Ahmed Ali, Mohamed Emad Abdulaziz Mahdi, Samer Mohamed Fakhry, Iraq

Abstract:

The broad technical development in the twenty-first century led to the development of the economic and financial system and the emergence of a new phenomenon called digital money, and the research used an analytical concept of digital money and the reasons for its emergence and its relationship to economic crises, and the research aims to identify the dimensions of this phenomenon and its effects at the international level, and the research concluded that money. The advantage of electronic currencies decentralization and anonymity in the mining process, and this is a serious challenge for monetary authorities. The research suggested that monetary and financial policy makers prepare to recognize digital money through legislation and promulgation of laws to limit their potential negative impacts in the emergence of economic crises.