The question is not so much that these virtual currencies (VCs) are already at a level that would cause huge disruption in the real economy, but we are currently more concerned about the social and psychological effect they seem to have.
Second, interaction between sovereign debt and monetary policy is an important determinant of market confidence. A comprehensive fiscal exit strategy should explicitly recognize the objective of a sustainable public debt ratio and policies that should underpin a fiscal adjustment path. Third, right balance between growth in the financial sector and real sector is important to prevent imbalances. Warning signals always flash before the crisis.