STATIONARY DYNAMIC PROGRAMMING IN THE CRYPTOGRAPHIC CURRENCY RESEARCH
Journal Title: Journal L`Association 1901 SEPIKE - Year 2018, Vol 1, Issue 21
Abstract
The article is dedicated to the issue of applying a money search theoretical Kiyotaki's & Wright's (1993) model and its application by Hendrickson, Hogan & Luther (2014) to the cryptographic currency field. The main method for the analysis is a numerical implementation of the model, which allows to understand the model better and dwell on its adequacy. Although cryptomoney has been closely followed by an Internet-community, the main focus essentially belongs to financial engineering, market position, legal status and political economy of cryptographic money. In current research an emphasis is made on the quantitative macroeconomic side of the cryptocurrency and its co-existence with fiat money.
Authors and Affiliations
Oleg Boiko
Keywords
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