# Professor David Yermack's joint research on cryptocurrency's impact on monetary policy is featured

1 Faculty News August 19, 2019 ![Coin Telegraph logo 192 x 144](/sites/default/files/styles/246w/public/assets/images/cointelegraph192x144.jpg?itok=Z8661IEm)>

Excerpt from [Coin Telegraph](https://cointelegraph.com/news/bitcoin-simply-existing-positively-impacts-monetary-policy-research) -- "The existence of private decentralized cryptocurrencies like Bitcoin (BTC) has a healthy impact on governments’ fiscal and regulatory policy, a new analysis contends. The argument was put forth in a paper published on Aug. 16 by [Max Raskin](https://its.law.nyu.edu/facultyprofiles/index.cfm?fuseaction=profile.overview&personid=39847) (NYU School of Law), Fahad Saleh (McGill University) and [David Yermack](https://www.stern.nyu.edu/faculty/bio/david-yermack) (NYU Stern), entitled 'How Do Private Digital Currencies Affect Government Policy?'"

[Read more](https://cointelegraph.com/news/bitcoin-simply-existing-positively-impacts-monetary-policy-research)