A Primer on Bitcoin Cross-Border Flows: Measurement and Drivers

Volume/Issue: Volume 2024 Issue 085

Publication date: April 2024

ISBN: 9798400274879

$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.

Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Taxation - General , Economics / General , Crypto assets , Bitcoin , Cross-border flows , Capital flows , bitcoin blockchain , capital flow restriction , bitcoin flow , cross-border flow , Bitcoin transaction , Blockchain and DLT , Currencies , Financial activity tax , Global

Also of interest

Measuring Soft Power: A New Global Index

WORKING PAPERS PUBLISHED IN JULY 2006

WORKING PAPERS PUBLISHED IN JUNE 2003

WORKING PAPERS PUBLISHED IN JUNE 2004

Summary

The rapid growth of crypto assets raises important questions about their cross-border usage. To gain a better understanding of cross-border Bitcoin flows, we use raw data covering both on-chain (on the Bitcoin blockchain) and off-chain (outside the Bitcoin blockchain) transactions globally. We provide a detailed description of available methodologies and datasets, and discuss the crucial assumptions behind the quantification of cross-border flows. We then present novel stylized facts about Bitcoin cross-border flows and study their global and domestic drivers. Bitcoin cross-border flows respond differently than capital flows to traditional drivers of capital flows, and differences appear between on-chain and off-chain Bitcoin cross-border flows. Off-chain cross-border flows seem correlated with incentives to avoid capital flow restrictions.