Crypto-assets, corruption, and capital controls: Cross-country correlations

【Author】 Alnasaa, Marwa; Gueorguiev, Nikolay; Honda, Jiro; Imamoglu, Eslem; Mauro, Paolo; Primus, Keyra; Rozhkov, Dmitriy

【Source】ECONOMICS LETTERS

【影响因子】1.469

【Abstract】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 corruption and 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. (C)& nbsp;2022 Elsevier B.V. All rights reserved.

【Keywords】Crypto-assets; Cryptocurrency; Corruption; Capital controls

【发表时间】2022 JUN

【收录时间】2022-06-09

【文献类型】实证性文章

【主题类别】

区块链治理-市场治理-数字货币