Impact of Distributed Ledger Technology (DLT) and Fintech Investment on Central Bank Policy and Monetary Policy Effectiveness

Shafiq Ur Rehman, Sajjad Nawaz Khan, Waseem Subhani, Iftikhar Mehboob, Muhammad Noman Yaseen and Asad Qayoom
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Shafiq Ur Rehman: School of Finance and Banking, University of Utara Malaysia, Sintok 06010, Kedah, Malaysia
Sajjad Nawaz Khan: Assistant Professor, Department of Management Sciences, The Islamia University of Bahawalpur, Rahim Yar Khan Campus, Punjab, Pakistan
Waseem Subhani: Assistant Professor, Institute of Business Administration University of the Punjab Lahore, Pakistan
Iftikhar Mehboob: Director (Public Private Partnership), National Highway Authority, Islamabad, Pakistan
Muhammad Noman Yaseen: COMSATS University Islamabad, Vehari Campus, Pakistan
Asad Qayoom: NCBA&E Lahore, Pakistan

Bulletin of Business and Economics (BBE), 2023, vol. 12, issue 3, 202-210

Abstract: 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.

Keywords: Distributed Ledger Technology (DLT); Fintech Investment; Central Bank (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:rfh:bbejor:v:12:y:2023:i:3:p:202-210

DOI: 10.61506/01.00022

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