Demographic-governance factors shaping cryptocurrency holding behavior

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dc.citation.issuePart D
dc.citation.volume85
dc.contributor.authorDang THN
dc.contributor.authorBalli F
dc.contributor.authorBalli HO
dc.contributor.authorKilic I
dc.date.accessioned2025-09-03T21:49:29Z
dc.date.available2025-09-03T21:49:29Z
dc.date.issued2025-11
dc.description.abstractEmploying cross-sectional data of 142 countries worldwide, this paper examines the macroeconomic factors in shaping cryptocurrency adoption. We find that the aggregate impact of inflation volatility on crypto adoption is dependent on the level of corruption control in higher-income countries. The control of corruption appears to discourage cryptocurrency adoption, emphasizing the role of institutional trust in financial choices. We also find that higher emigrant ratios in non-high-income and lower-income countries are associated with increased cryptocurrency usage, which suggests that migrants tend to use cryptocurrencies for faster, cheaper remittances compared to traditional services. Last, we find that internet penetration plays a key role in crypto adoption, particularly in higher-income countries with advanced digital infrastructure.
dc.description.confidentialfalse
dc.edition.editionNovember 2025
dc.identifier.citationDang THN, Balli F, Balli HO, Kilic I. (2025). Demographic-governance factors shaping cryptocurrency holding behavior. Finance Research Letters. 85. Part D.
dc.identifier.doi10.1016/j.frl.2025.108143
dc.identifier.elements-typejournal-article
dc.identifier.issn1544-6123
dc.identifier.number108143
dc.identifier.piiS1544612325013984
dc.identifier.urihttps://mro.massey.ac.nz/handle/10179/73474
dc.languageEnglish
dc.publisherElsevier B.V.
dc.publisher.urihttps://www.sciencedirect.com/science/article/pii/S1544612325013984
dc.relation.isPartOfFinance Research Letters
dc.rights(c) 2025 The Author/s
dc.rightsCC BY 4.0
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/
dc.subjectCryptocurrency adoption
dc.subjectCrypto ownership
dc.subjectInflation volatility
dc.subjectControl of corruption
dc.subjectEmigrants
dc.subjectinternet penetration
dc.subjectInstitutional trust
dc.subjectDigital finance
dc.titleDemographic-governance factors shaping cryptocurrency holding behavior
dc.typeJournal article
pubs.elements-id502939
pubs.organisational-groupOther
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