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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Bibliografske podrobnosti
Glavni avtor: Alnasaa, Marwa
Drugi avtorji: Gueorguiev, Nikolay, Honda, Jiro, Imamoglu, Eslem, Mauro, Paolo
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2022.
Serija:IMF Working Papers; Working Paper ;No. 2022/060
Teme:
Online dostop:Full text available on IMF
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245 1 0 |a Crypto, Corruption, and Capital Controls :   |b Cross-Country Correlations /  |c Marwa Alnasaa, Nikolay Gueorguiev, Jiro Honda, Eslem Imamoglu, Paolo Mauro. 
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520 3 |a 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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650 7 |a Single Equation Models  |2 imf 
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700 1 |a Gueorguiev, Nikolay. 
700 1 |a Honda, Jiro. 
700 1 |a Imamoglu, Eslem. 
700 1 |a Mauro, Paolo. 
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