Πώς η νομισματική πολιτική επηρεάζει την αξία των κρυπτονομισμάτων

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Keywords
Νομισματική πολιτική ; Κρυπτονομίσματα ; Bitcoin ; Blockchain ; Federal Reserve (FED) ; ECB (European Central Bank) ; Ποσοτική χαλάρωση (QE) ; Ποσοτική σύσφιξη (QT) ; VAR (Vector AutoRegression) ; GARCH ; Volatility ; Οικονομετρικά μοντέλαAbstract
This dissertation examines how monetary policy, enacted by central banks, indirectly affects the value of cryptocurrencies. Although cryptocurrencies are neither issued nor regulated by central authorities, their pricing takes place within a global macroeconomic environment where changes in interest rates, liquidity, and the expectations shaped by monetary policy influence risk appetite and capital allocation. The study utilizes theoretical analysis, a literature review, and proposed econometric models (Event Studies, VAR) to investigate this relationship. The findings indicate that during periods of expansionary monetary policy, cryptocurrencies may benefit from increased liquidity, while during periods of tightening, their demand may decrease.