Tutor Quora

MBF843 International Banking

Academic Anxiety?

Get an original paper within hours and nail the task

156 experts online

Free Samples

MBF843 International Banking

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

MBF843 International Banking

0 Download4 Pages / 944 Words

Course Code: MBF843
University: National Open University Of Nigeria

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Nigeria

Question:
With the rise of crypto assets and wider adoption of distributed ledger technologies, what will be the future role of Central banks in a digital, sharing, and decentralized service economy? Discuss. The assignment has been divided into these sections1.Introduction on the issue2.Discussion on crypto assets and distributed ledger technologies 3.How to connect the traditional role of the Central bank and the new digitally serviced economy 4.Charts/Figures/ Graphs 
Answer:
Introduction on the issue

Crypto currencies are the response to monetary destruction and the currency wars that are implemented by the central banks (Focus Economics, 2017).  Crypto currencies are attracting the people for investment and storing a value although, the risks are high and the penetration for payment is low. The adoption of the crypto assets and the distributed ledger technologies can change the financial system to a great extent and can also increase the speed of the cross border and domestic transactions, and can also reduce the cost of the transactions. Along with this, it can broaden the access to financial system.  The records of the transactions of the crypto currencies can be recorded with the help of DLT. The rise in adoption of DLT and crypto assets can reduce the role of the central banks in the future. The central bank works on the basis of the regulations and recording the transactions in an effective manner. The emergence of crypto currencies can decrease the role of central banks, which can bring the challenges. The central banks have to focus more on ensuring that the ties linking the real currencies and crypto currencies should not be parasitic. It is important for the central banks to apply same regulations and risk for the crypto currencies as well although, this can result in increased challenges for the central banks (Carstens, 2018).
Discussion on crypto assets and distributed ledger technologies 
In the present time, the crypto coins have gained the attention of the people and, an asset in the form of cryptocurrency is considered as crypto asset. They are utilized as money and can be used for other application apart from payment purposes. Crypto currency is a type of digital asset that helps in providing with the medium of decentralized exchange through utilizing the cryptography for facilitating the transactions. The crypto currency is different from larger monetary environment apart from being supported by government or central bank. The usage of these currencies has increased as it provides with the advantages (Knutson, Liu, & Schlenker, 2018). These currencies offer anonymity of cash and also allow the transactions at long distances as well as unit of transaction is divisible. These things make the crypto assets more attractive for the micro payments in the service- based and new sharing digital economy. The transaction of the crypto assets could be settled and cleared quickly. The cross- border payments are more advantageous and quicker with the help of the crypto assets. On the other hand, crypto currencies have no such cash flows, historical dividend payments or the financial statements for the purpose to analyse unlike the corporate investment. It also lack metrics that is utilized for value fiat currencies like official fiscal, economic indicators, monetary policies, discernable political climates, international trade records and such others (He, 2018). In the recent time, Ether and Bitcoin have emerged as clear leaders in the market of cryptocurrency. Both are mined by using the distributed ledger technology (DLT) that is a shared record of the transactions which is considered as block chain. The computer resources are used by these currencies for running trillions of computations. The computer resources process the computations and catalogue transactions, which are processed and become the next block in block chain. After the processing of the block, the currency is awarded to miner. This process is considered as a Proof of Work (Richards, 2018).  The technological challenges in the peer-to-peer digital exchange are known as double spending problem. The digital form of the money is replicable which can result in fraudulently spent. It is possible to reproduce the digital information easily in comparison to the physical bank notes. It is important to keep the record of the transactions of the digital transactions for solving the issue of double spending. The crypto currencies overcome the issue of double spending through decentralised record keeping with the help of distributed ledger. Ledger is considered as a file that includes the initial distribution of the records of all the transactions and the cryptocurrency. Every user can store the up-to-date copy of ledger. The verification of the ledger is possible by every user with the help of distributed ledger related to the transactions. All the crypto currencies depend on distributed ledger, but they differ in the manner the ledger is updated. The permissioned DLT are used to stop the abuse. The updates in the ledger can be made by the trusted participants. The participants are selected by central authority. The permissioned system is different from that of the conventional money, as it differs in terms of storing the records of transactions. Permissionless DLT is used for establishing trust in decentralised setting. The recording of the transactions in the ledger can be changed by considering the participants in currency (BIS, 2018).
References
BIS. (2018). V. Cryptocurrencies: looking beyond the hype. Retrieved from Bis.org: https://www.bis.org/publ/arpdf/ar2018e5.pdf
Carstens, A. (2018). Money in the digital age: what role for central banks? Retrieved from Bis.org: https://www.bis.org/speeches/sp180206.pdf
Focus Economics. (2017). 21 experts tell us what the future looks like for cryptocurrencies and blockchain. Retrieved from Focus-economics.com: https://www.focus-economics.com/blog/cryptocurrencies-block-chain-future
He, D. (2018). Monetary Policy in the Digital Age. Finance & Development, 55(2), 13-16.
Knutson, A., Liu, M., & Schlenker, D. (2018). The Digital Asset of the Future. Retrieved from www.economist.com: https://www.economist.com/sites/default/files/the_digital_asset_of_the_future__team_byu.pdf
Richards, T. (2018). Cryptocurrencies and Distributed Ledger Technology. Retrieved from www.rba.gov.au: https://www.rba.gov.au/speeches/2018/sp-so-2018-06-26.htm

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.

E-mail

Yes, alert me for offers and important updates

Submit 

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 4 pages

PAY 3 USD TO DOWNLOAD

*The content must not be available online or in our existing Database to qualify as
unique.

Cite This Work
To export a reference to this article please select a referencing stye below:

APA
MLA
Harvard
OSCOLA
Vancouver

My Assignment Help. (2021). International Banking. Retrieved from https://myassignmenthelp.com/free-samples/mbf843-international-banking/crypto-assets.html.

“International Banking.” My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/mbf843-international-banking/crypto-assets.html.

My Assignment Help (2021) International Banking [Online]. Available from: https://myassignmenthelp.com/free-samples/mbf843-international-banking/crypto-assets.html[Accessed 18 December 2021].

My Assignment Help. ‘International Banking’ (My Assignment Help, 2021) accessed 18 December 2021.

My Assignment Help. International Banking [Internet]. My Assignment Help. 2021 [cited 18 December 2021]. Available from: https://myassignmenthelp.com/free-samples/mbf843-international-banking/crypto-assets.html.

×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}

×

Thank you for your interest
The respective sample has been mail to your register email id

×

CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.

Account created successfully!
We have sent login details on your registered email.

User:

Password:

Robotics and AI (Artificial Intelligence) are interesting domains that are currently on the rise. However, it is challenging to come across authentic programming help since this is relatively new. Experts at MyAssignmnethelp.com are efficient in providing valuable assistance with Java help. Moreover, you require decent mathematical concepts in order to write the programs. Now, where would you find both math question solver and coding help? MyAssignmenthelp.com offers a wide array of service which covers proofreading services as well. Our experts make sure that the codes are efficient through proper proofreading and execution tests.

Latest Management Samples

div#loaddata .card img {max-width: 100%;
}

MPM755 Building Success In Commerce
Download :
0 | Pages :
9

Course Code: MPM755
University: Deakin University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Introduction
The process of developing a successful business entity requires a multidimensional analysis of several factors that relate to the internal and external environment in commerce. The areas covered in this current unit are essential in transforming the business perspective regarding the key commerce factors such as ethics, technology, culture, entrepreneurship, leadership, culture, and globalization (Nzelibe, 1996; Barza, 2…
Read
More

SNM660 Evidence Based Practice
Download :
0 | Pages :
8

Course Code: SNM660
University: The University Of Sheffield

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answers:
Critical reflection on the objective, design, methodology and outcome of the research undertaken Assessment-I
Smoking and tobacco addiction is one of the few among the most basic general restorative issues, particularly to developed nations such as the UK. It has been represented that among all risk segments smoking is the fourth driving purpose behind infections and other several ailments like asthma, breathing and problems in the l…
Read
More
Tags:
Australia Maidstone Management Business management with marketing University of New South Wales Masters in Business Administration 

BSBHRM513 Manage Workforce Planning
Download :
0 | Pages :
20

Course Code: BSBHRM513
University: Tafe NSW

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:
Task 1
1.0 Data on staff turnover and demographics
That includes the staffing information of JKL industries for the fiscal year of 2014-15, it can be said that the company is having problems related to employee turnover. For the role of Senior Manager in Sydney, the organization needs 4 managers; however, one manager is exiting. It will make one empty position which might hurt the decision making process. On the other hand, In Brisba…
Read
More

MKT2031 Issues In Small Business And Entrepreneurship
Download :
0 | Pages :
5

Course Code: MKT2031
University: University Of Northampton

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answer:
Entrepreneurial ventures
Entrepreneurship is the capacity and willingness to develop, manage, and put in order operations of any business venture with an intention to make profits despite the risks that may be involved in such venture. Small and large businesses have a vital role to play in the overall performance of the economy. It is, therefore, necessary to consider the difference between entrepreneurial ventures, individual, and c…
Read
More
Tags:
Turkey Istanbul Management University of Employee Masters in Business Administration 

MN506 System Management
Download :
0 | Pages :
7

Course Code: MN506
University: Melbourne Institute Of Technology

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:
Introduction
An operating system (OS) is defined as a system software that is installed in the systems for the management of the hardware along with the other software resources. Every computer system and mobile device requires an operating system for functioning and execution of operations. There is a great use of mobile devices such as tablets and Smartphones that has increased. One of the widely used and implemented operating syste…
Read
More
Tags:
Australia Cheltenham Computer Science Litigation and Dispute Management University of New South Wales Information Technology 

Next

Need an essay written specifically to meet your requirements?

Choose skilled experts on your subject and get an original paper within your deadline

156 experts online

Your time is important. Let us write you an essay from scratch

Tips and Tricks from our Blog

11174 Introduction To Management

Free Samples 11174 Introduction To Management .cms-body-content table{width:100%!important;} #subhidecontent{ position: relative; overflow-x: auto; width: 100%;} 11174 Introduction

Read More »