Impact of Distributed Ledger Technology (DLT) and Fintech Investment on Central Bank Policy and Monetary Policy Effectiveness
DOI:
https://doi.org/10.61506/01.00022Keywords:
Distributed Ledger Technology (DLT), Fintech Investment, Central BankAbstract
Central banks confront enormous hurdles in preserving the efficiency of their monetary policies in the face of rapid technological improvements in the financial industry. The effects of Distributed Ledger Technology (DLT) adoption, fintech investment, and regulatory flexibility by central banks on the effectiveness of monetary policy is investigated in this paper. Data were gathered quantitatively through surveys of financial professionals, policymakers, and central bank officials. The findings demonstrated that DLT adoption, fintech investment, and regulatory flexibility have a considerable positive effect on the effectiveness of monetary policy. The study not only validates but also extends previous material and provides policymakers with practical consequences. Limitations and future research directions are also highlighted.
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