EU: crisis management trends in the digital age
Keywords:
crisis, Bitcoin, cryptocurrencyAbstract
The 2008 financial crisis has affected the European Union‘s economy. The past two decades are characterized by the aspiration to exit the financial crisis and toreach the economic stability. However, in recent times, with the development of digitalisation, it may be necessary to review the area of crisis management specific to the digital economy to prevent further adverse consequences may originate from the development of digitalisation. In connection with the above, in the area of cryptocurrencies, it is necessary to consider not only potential risks for economic stability, but also on cyber- and hybrid threats. This paper focuses on centralized and decentralized EU crisis management trends, and analyzes them from the perspective of future crisis-prevention at an EU level. In order to achieve its goals, this paper considers the financial crisis management techniques developed until today, and then explores the issue of Bitcoin and crypto assets, and cyber security issues.
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