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| 研究生： |
杜力安 Christian Delgado |
|---|---|
| 論文名稱： |
探索全球加密貨幣做為美元替代方案的可行性：特點、影響和挑戰 Exploring the Feasibility of Cryptocurrency as a Global Currency: Characteristics, Implications, and Challenges |
| 指導教授： |
莊奕琦
Yih-chyi Chuang |
| 學位類別： |
碩士
Master |
| 系所名稱： |
社會科學學院 - 應用經濟與社會發展英語碩士學位學程(IMES) International Master's Program of Applied Economics and Social Development(IMES) |
| 論文出版年： | 2023 |
| 畢業學年度： | 111 |
| 語文別： | 英文 |
| 論文頁數： | 94 |
| 中文關鍵詞： | 加密貨幣 、全球貨幣 、儲備貨幣 、區塊鏈技術 、監管 |
| 外文關鍵詞： | Cryptocurrency, Global currency, Reserve currency, Blockchain technology, Regulation |
| 相關次數： | 點閱：322 下載：10 |
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本論文探討了加密貨幣成為全球性加密貨幣的可行性。研究旨在回答四個與加密貨幣相關的研究問題，包括加密貨幣所需的關鍵特徵，影響新全球性加密貨幣潛在採用的技術、政治和經濟因素，以及如何減輕使用加密貨幣作為儲備貨幣所帶來的風險，以及全球性加密貨幣對世界各國金融和經濟體系的潛在影響。
本論文從對美元霸權、貨幣體系和區塊鏈技術以及加密貨幣的文獻回顧開始。然後，研究檢視加密貨幣必須具備的關鍵特徵，包括技術、經濟、政治、社會和環境等方面的考慮因素。隨後分析了影響全球性加密貨幣採用的可行性。研究還調查了全球性加密貨幣的潛在應用案例，並將現有的加密貨幣與所確定的關鍵特徵進行了比較。
最後，本論文探討了減輕使用加密貨幣做為儲備貨幣所帶來的風險的策略，並檢視了全球性加密貨幣對金融和經濟體系的潛在影響。並提出對研究結果、影響、貢獻和未來研究方向的總結做為結論。
This thesis explores the feasibility of a cryptocurrency becomes to a global cryptocurrency. The study seeks to answer four research questions related to the key characteristics required of a cryptocurrency, the technological, political, and economic factors that influence the potential adoption of a new global cryptocurrency, how the risks associated with using a cryptocurrency as a reserve currency can be mitigated, and the potential impacts of a global cryptocurrency on the financial and economic systems of countries around the world.
The study begins with a literature review on the US dollar hegemony, monetary systems, and blockchain technology and cryptocurrencies. It then examines the key characteristics a cryptocurrency must possess, including technical, economic, political, social, and environmental considerations. The political, economic, and technological factors that influence the adoption of a global cryptocurrency are then analyzed. The study also investigates potential use cases for a global cryptocurrency and compares existing cryptocurrencies against the key characteristics identified.
Finally, the thesis explores strategies to mitigate the risks associated with using a cryptocurrency as a reserve currency and examines the potential impacts of a global cryptocurrency on financial and economic systems. The study concludes with a summary of findings, implications, contributions, and future research directions.
Acknowledgments 1
摘要 2
Abstract 3
Table of Contents 4
List of abbreviations 6
List of Tables 7
List of Charts, Graphs and trend lines 7
1. Introduction 8
1.1 Background and Motivation 9
1.2 Research Questions 11
1.3 Objectives 12
1.5 Thesis Organization 13
2. Literature Review 14
2.1 History of Monetary Systems and Their Evolution 14
2.2 US dollars as dominant global reserve currency and standard 22
2.3 Flaws of the US dollar standard 26
2.4 Introduction to Blockchain Technology and Cryptocurrencies 27
2.4.2 Advantages 29
2.4.3 Disadvantages and Risks 35
3. Key Characteristics of a Global Cryptocurrency 36
3.1 Overview of Existing Cryptocurrencies and Their Limitations 36
3.2 Technical Requirements for a Global Cryptocurrency 40
3.3 Economic and Political Considerations for a Global Cryptocurrency 41
3.4 Social and Environmental Impacts of a Global Cryptocurrency 42
4. Political Factors that Influence the Adoption of a Global Cryptocurrency 47
4.1 Government Policies and Regulations 50
4.2 International Cooperation and Agreements 51
4.3 Political Stability and Trust 52
5. Economic Factors that Influence the Adoption of a Global Cryptocurrency 53
5.1 Macroeconomic Factors and Global Financial System 53
5.2 Microeconomic Factors and Business Environment 54
5.3 Consumer Behaviors and Preferences 55
6. Technological Factors that Influence the Adoption of a Global Cryptocurrency 56
6.1 Blockchain Technology and Its Capabilities 57
6.2 Infrastructure and Connectivity 58
6.3 Interoperability and Standardization 59
7. Potential Use Cases for a Global Cryptocurrency 60
7.1.2 Government Adoption and Regulation 60
7.1.3 Taiwan Regulations 61
7.1.4 El Salvador Regulations 61
2.3.3 European Regulations 63
7.1.5 United States Regulations 64
7.1.6 Comparative Analysis of Cryptocurrency Regulatory Policies 66
7.2 Corporate Adoption and Integration 67
7.2.1 Corporate Use Cases 67
7.3 International Trade and Finance 68
7.4 Consumer Adoption and Benefits 71
8. Comparison of Existing Cryptocurrencies against Key Characteristics 72
8.1 Bitcoin 73
8.2 Ethereum 73
8.4 Comparison tables 75
9. Mitigating Risks Associated with Using a Cryptocurrency as a Reserve Currency 79
9.1 Security Risks 80
9.2 Regulatory Risks 81
9.3 Market Risks 81
10. Potential Impacts on Financial and Economic Systems 82
10.1 Macroeconomic Impacts 82
10.2 Microeconomic Impacts 84
10.3 Geopolitical Impacts 84
11. Conclusion and Future Directions 86
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