Crypto, Corruption, and Capital Controls : Cross-Country Correlations /
Empirical investigation of the factors underlying the growing usage of crypto-assets is in its infancy, owing to data limitations. In this paper, we present a simple cross-country analysis drawing on recently released survey-based data. We explore the correlation of crypto-asset usage with indicator...
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| Övriga upphovsmän: | , , , |
| Materialtyp: | Tidskrift |
| Språk: | English |
| Publicerad: |
Washington, D.C. :
International Monetary Fund,
2022.
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| Serie: | IMF Working Papers; Working Paper
;No. 2022/060 |
| Ämnen: | |
| Länkar: | Full text available on IMF |
| Sammanfattning: | Empirical investigation of the factors underlying the growing usage of crypto-assets is in its infancy, owing to data limitations. In this paper, we present a simple cross-country analysis drawing on recently released survey-based data. We explore the correlation of crypto-asset usage with indicators of corruption, capital controls, a history of high inflation, and other factors. We find that crypto-asset usage is significantly and positively associated with higher perception of corruption and more intensive capital controls. Notwithstanding the data limitations, the results support the case for regulating crypto-assets, including know-your-customer approaches, as opposed to taking a laissez-faire stance. |
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| Beskrivning: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Fysisk beskrivning: | 1 online resource (19 pages) |
| Materialtyp: | Mode of access: Internet |
| ISSN: | 1018-5941 |
| Tillgång: | Electronic access restricted to authorized BRAC University faculty, staff and students |