THE ECONOMIC IMPLICATIONS OF DIGITAL TENGE ON MONETARY POLICY IN KAZAKHSTAN
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Date
2024-12-11
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Nazarbayev University Graduate School of Business
Abstract
This paper analyzes the economic implications of Digital Tenge (DT) introduction on the monetary policy of Kazakhstan. The research mainly focuses on formulating suggestions for the cost and distribution of DT. Optimal suggestions are derived by analyzing the effect of various options for cost and possible distribution limitations on economic agents’ welfare. The analysis reports minor positive welfare gains in the case of costless DT (from 0.0010% to 0.0040%) with a slightly higher welfare achieved and cost range possible through allowing only 20% of the population to carry DT.
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Keywords
Type of access: Embargo, digital tenge, central bank digital currency, monetary policy.
Citation
Kalaganova, N. (2024). The Economic Implications of Digital Tenge on Monetary Policy in Kazakhstan. Nazarbayev University Graduate School of Business