Currency substitution in the shadow economy: International panel evidence using local Bitcoin trade volume
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DOI: 10.1016/j.econlet.2021.109926
Abstract: Abstract While mainstream adoption of cryptocurrency as a replacement for traditional fiat money has yet to be realized, anecdotal evidence suggests that such substitution is more pervasive in the shadow economy. I test this hypothesis… read more here.
Keywords: shadow; evidence; trade volume; bitcoin trade ... See more keywords