| Description |
1 online resource (19 pages) |
| Series |
1\ IMF Working Papers, 1018-5941 |
|
IMF Working Papers; Working Paper ;No. 2022/060
|
| Summary |
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 |
| Notes |
Description based on print version record |
| Form |
Electronic book
|
| Author |
Georgiev, Nikolaĭ Nichev
|
|
Honda, Jiro
|
|
Imamoglu, Eslem
|
|
Mauro, Paolo
|
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