Macroeconomics and Blockchain
Dang Quang, Don (2019)
Dang Quang, Don
2019
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2019060515135
https://urn.fi/URN:NBN:fi:amk-2019060515135
Tiivistelmä
The purpose of the Bachelor’s thesis was to present the advantages of blockchain technology and how it would fit in the macroeconomic context.
The modern macroeconomics theories used by many countries, which were a mixture of some major theories such as Keynesian, Monetarism and Austrian school of thoughts. The thesis hypothesized that blockchain-base fiat money could fill in some blank spot of the old theories.
Therefore, the thesis compared the three major theories to each other, along with the development of money and history, using qualitative research method, in order to see that these theories had proved to be working at a period of time in history, however they had become outdated quickly as the development of technology and historical events.
The revolution of the internet changed everything, including the monetary policies and banking systems, many services and products have been digitalized and so as money. Therefore, they should be ready to adapt to the new revolution of technology which blockchain started.
The modern macroeconomics theories used by many countries, which were a mixture of some major theories such as Keynesian, Monetarism and Austrian school of thoughts. The thesis hypothesized that blockchain-base fiat money could fill in some blank spot of the old theories.
Therefore, the thesis compared the three major theories to each other, along with the development of money and history, using qualitative research method, in order to see that these theories had proved to be working at a period of time in history, however they had become outdated quickly as the development of technology and historical events.
The revolution of the internet changed everything, including the monetary policies and banking systems, many services and products have been digitalized and so as money. Therefore, they should be ready to adapt to the new revolution of technology which blockchain started.