Cryptocurrencies and Corruption
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F04274644%3A_____%2F21%3A%230000799" target="_blank" >RIV/04274644:_____/21:#0000799 - isvavai.cz</a>
Result on the web
<a href="https://www.sav.sk/index.php?lang=sk&doc=journal-list&part=article_response_page&journal_article_no=26514" target="_blank" >https://www.sav.sk/index.php?lang=sk&doc=journal-list&part=article_response_page&journal_article_no=26514</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.31577/ekoncas.2021.07.02" target="_blank" >10.31577/ekoncas.2021.07.02</a>
Alternative languages
Result language
angličtina
Original language name
Cryptocurrencies and Corruption
Original language description
The paper focuses on the links between cryptocurrencies and corruption. After providing an overview of the literature dealing with the topic, it presents an outline of possible scenarios for how cryptocurrencies can be used in corruption-tainted contracts. The scenarios imply that cryptocurrencies can reduce the costs and risks related to a corruption-tainted contract and make it easier to transfer the corruption-based benefits on an anonymous basis. Their existence also allows corruption-tainted contracts to expand to areas where this did not bring any economic advantages in the past. The paper then explores whether there are any empirical correlations between cryptocurrencies and corruption in different countries. The numbers of Bitcoin automated teller machines (ATM) and cryptocurrency users were used as a proxy for cryptocurrencies and the Corruption Perception Index (CPI) as a proxy for corruption. Although we did not find any clear relationships, we discovered that the largest number of owners or users of cryptocurrencies is in countries with a high prevalence of corruption, but the level of corruption in them did not exceed the critical limit (around the value of 30 points of the CPI index).
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Ekonomický časopis
ISSN
0013-3035
e-ISSN
2729-7470
Volume of the periodical
69
Issue of the periodical within the volume
7
Country of publishing house
SK - SLOVAKIA
Number of pages
19
Pages from-to
687-705
UT code for WoS article
000697122500002
EID of the result in the Scopus database
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