On Cross-Border Crypto Flows: Measurement Drivers and Policy Implications
On Cross-Border Crypto Flows: Measurement Drivers and Policy Implications
READ MORE...
Volume/Issue:
Volume 2024
Issue 261
Publication date: December 2024
ISBN: 9798400294501
$20.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
| English |
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book
This title contains information about the following subjects.
Click on a subject if you would like to see other titles with the same subjects.
Banks and Banking , Exports and Imports , Crypto assets , cross-border flows , capital flows , measurement , push-pull factors , capital account restrictions , Brazil CBCFs , policy implication , capital account restriction , monitoring of CBCFs , drivers of CBCFs , Central bank bills , Foreign direct investment , Global
Summary
Cross-border crypto flows (CBCFs) are not systematically measured and are poorly understood. After defining CBCFs and the channels through which they materialize, we review the various approaches to measure them through two case studies. We also quantify the dynamics and drivers of CBCFs through a push/pull factor SVAR model. We find an increasingly large volume of CBCFs, although considerable heterogeneity remains across estimates. Furthermore, CBCFs are more sensitive to push factors than regular capital flows. Our findings call for accurate and comprehensive measurement and monitoring of CBCFs and the need to rethink capital account restrictions in a more digitalized world.
