The cryptocurrency’s social value : evidence from local public financing cost
by Cui Lihang
M.Phil. Interdisciplinary Programs Office Emerging Interdisciplinary Areas
1 online resource (52 pages)
This paper examines the impact of the local popularity of cryptocurrencies on the
cost of public financing using data on the number of crypto ATMs in US counties.
After controlling for local economic and social conditions and characteristics of
municipal bonds, the empirical results of this paper show that the use of
cryptocurrency will reduce local public financing costs. In addition, the local
popularity of cryptocurrency will lower the number of local criminal cases. The
results of this paper show that the popularity of cryptocurrency has a positive impact
on local communities.
Permanent URL for this record: https://lbezone.hkust.edu.hk/bib/991013159956503412