Analyzing the role of using Digital Currencies in the Financial Supply Chain of the Iran's Banking Industry

Analysis of the role of using digital currencies in the financial supply chain of the banking industry in Iran

Subject Areas : Financial Knowledge of Securities Analysis

Mohammad Ahmadi bafroiy ¹ , kiumars Arya ² , S. Alireza Mirarab baygi ³

1 - Ph.D. student of Financial Engineering, Roudhen Branch, Islamic Azad University, Roudhen, Tehran, Iran
2 - Assistant Professor, Faculty of Accounting and Management, Roudhen Unit, Islamic Azad University, Roudhen, Tehran, Iran (corresponding author)
3 - Assistant Professor of Accounting and Management Faculty, Roudhen Branch, Islamic Azad University, Roudhen, Tehran, Iran

Received: 2023-10-24 Accepted : 2023-12-30 Published : 2025-07-22

Keywords: &quot, Digital currencies&quot, , &quot, financial supply chain&quot, , &quot, banking industry&quot, , &quot, vector autoregression&quot, , ,

Abstract :

Financial technologies in blockchain or fintech have facilitated and accelerated the main activities of financial institutions, regulators, customers and traders across various industries, so that after the global financial crisis in 2007 and 2008, digital currencies became an alternative form of exchange. Polly appeared. Chain financing means providing money and cash flows to carry out various organizational processes. In other words, financial supply chain management is cash flow management, whether financial payments or financing between supply chain members, especially through modern banking tools.Now, in order to properly manage the financing supply chain of banks and synchronize them with new financial technologies, it is necessary to investigate the impact of new and important technologies, including cryptocurrencies, on the supply chain of the banking industry so that correct strategies and decisions can be adopted. Therefore, the purpose of this article is to analyze the role of using digital currencies in the financial supply chain of the banking industry in Iran, using the vector autoregression model, to investigate the relationships between the important financial and monetary-banking variables of the country between 1365 and 1400. Is. The results of this research show that based on the instantaneous response functions, the changes in the value of the investigated digital currencies (Bitcoin, Ethereum, Tether) on the monetary-banking variables of Iran and subsequently, on the various financing and monetary variables of the Central Bank and banks It no longer has a significant effect