, Behavioral Economics
Saeid Tajdini; Mohammad Qezelbash; Mohsen Mehrara; Majid Lotfi Ghahroud; Mohammad Farajnezhad
Abstract
This paper introduces an innovative model of Central Bank Digital Currency (CBDC), offering a novel perspective on its design and functionalities. It presents an innovative approach to digital currency design, introducing "Export Crypto" as a novel cryptocurrency that diverges from conventional Central ...
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This paper introduces an innovative model of Central Bank Digital Currency (CBDC), offering a novel perspective on its design and functionalities. It presents an innovative approach to digital currency design, introducing "Export Crypto" as a novel cryptocurrency that diverges from conventional Central Bank Digital Currencies (CBDCs) by anchoring its value not to fiat currencies but to intrinsic economic factors and global trade dynamics. In contrast to traditional CBDCs, our model relies on the principles of purchasing power parity (PPP) to establish a more robust and transparent link between the cryptocurrency's value and real economic activities. The core parameters for assessing the value of Export Crypto revolve around equitable trade balances among nations and their respective export volumes. This approach fundamentally deviates from the conventional practice of pegging digital currencies to a country's fiat currency. Our research findings underscore that a cryptocurrency rooted in economic fundamentals can offer a more effective tool for managing the money supply, particularly in regions where traditional CBDCs may not be optimally suited. Furthermore, Export Crypto's design has the potential to foster fair-trade practices and encourage sustainable economic growth by aligning its worth with a nation's economic prowess and its trade interactions on the global stage. This groundbreaking approach to central bank digital currency opens new avenues for enhancing economic stability and promoting equitable international trade relationships.
Somayeh Jafari; Rasul Bakhshi Dastjerdi; Reza Moosavi Mohseni
Abstract
This paper estimates the effects of increase in Iran’s non-oil exports on its economic growth as well as sectoral outputs, using a single country, comparative static, exogenous policy Computable General Equilibrium (CGE) model. The paper also investigates the share of tradable sectors in reaching ...
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This paper estimates the effects of increase in Iran’s non-oil exports on its economic growth as well as sectoral outputs, using a single country, comparative static, exogenous policy Computable General Equilibrium (CGE) model. The paper also investigates the share of tradable sectors in reaching to the targeted growth rate (8%) in 5th socio-economic development plan. For this purpose, the parameters of the model are calibrated based on Iran’s Social Accounting Matrix (SAM) which carries a snapshot of the Iran’s economy. The model is then used to simulate the impact of increasing the exports uniformly across all sectors by 10, 20, and 30 percent on endogenous variables, including sectoral outputs, and GDP. Results suggest that 2.03% of targeted economic growth rate would be achieved by encouraging a 6% growth in exports. Our founding also indicates that industry and mine sector in Iran, would have more influence on growth than other non-oil sectors.
