Governmental Taxation of Households Choosing between a National Currency and a Cryptocurrency

Wang, Guizhou; Hausken, Kjell

doi:10.3390/g12020034

Cited by 9 publications

(4 citation statements)

References 34 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Given the inherent disparities among various industries, one avenue is to delve into certain industries, such as blockchain and cryptocurrencies , artificial intelligence (Mou, 2019). Additional economic and financial elements, such as taxation (Wang and Hausken, 2021), the emergence of central bank digital currencies Hausken, 2022b, 2022d), interest rates Hausken, 2022c, 2024a), the impact of cryptocurrencies like Bitcoin (Wang and Hausken, 2024b), can be incorporated into the analysis. Another area for future research involves analyzing the performance of investment funds in conjunction with firms' business models and innovations in business models (Yu and Wang, 2023).…”

Section: Conclusion and Future Researchmentioning

confidence: 99%

Exploring the Impact of Post-Investment Management on Investment Funds

Wang,

Cui

2023

EJEF

View full text Add to dashboard Cite

Post-investment management is an essential element in the functioning of equity investment funds. The question of whether post-investment management can improve the investment performance of investment funds is controversial. This article examines the impact of postinvestment management on investment performance. The questionnaire survey data from 31 investment institutions and their equity funds data are adopted. The performance of investment funds is measured by the overall exit rate and the proportion of listed IPO exits for the robustness test. Post-investment management is measured by the scale of importance that investment institution employees evaluate their institutions’ focus on post-investment management. The results show that post-investment management impacts the performance of investment funds positively in terms of fund exit rates. However, post-investment management has a limited impact in promoting the exit rate of investment funds. The level of post-investment management and investment funds exit rates exhibit an inverse U-shaped relationship. The finding highlights the significance of post-investment management within equity investment institutions. Nevertheless, investment institutions need to strike a balance between tapping and investing in potential firms and post-investment management. Excessive post-investment management may even reduce investment funds' performance. Hence, a moderate level of post-investment management is recommended.

show abstract

Section: Conclusion and Future Researchmentioning

confidence: 99%

Exploring the Impact of Post-Investment Management on Investment Funds

Wang,

Cui

2023

EJEF

View full text Add to dashboard Cite

show abstract

“…The article considers a decision model involving the central bank choosing the CBDC interest rate and a representative household choosing production, consumption, holding CBDC and holding non-CBDC. G. Wang and Hausken (2021) build a model involving a representative household selecting a cryptocurrency or a national currency, analogously to the current article where a household chooses whether to hold CBDC or non-CBDC, and selects the probability of tax evasion for each currency. The government decides how to tax the two currencies, and how to detect and impose penalties for tax evasion.…”

Section: Decision Theoretic Analysesmentioning

confidence: 99%

A Two-Period Decision Model for Central Bank Digital Currencies and Households

Wang¹,

Hausken

2022

IJFBS

Self Cite

View full text Add to dashboard Cite

Central bank digital currencies (CBDCs) give rise to many possibilities including those of negative interest rates. A two-period decision model is presented between one central bank and one representative household. The central bank applies the Taylor (1993) rule to choose its interest rate. The household allocates its resources strategically to production, consumption, CBDC holding, and non-CBDC holding. The results are determined analytically and illustrated numerically by varying 19 parameter values. Interesting novelties of the article are that the central bank may choose negative CBDC interest rates when the household holds far more CBDC than non-CBDC, for low inflation rates, low real interest rates, low household’s potential production, low weight assigned to inflation in the Taylor (1993) rule, high target inflation rate, and high household’s production parameter. That usually causes the household to decrease its CBDC holding and increase its non-CBDC holding, production and consumption. The central bank may increase its CBDC interest rate to compete with an increasing non-CBDC interest rate if the household’s transaction efficiencies for CBDC and non-CBDC increase, or the household’s transaction efficiency for consumption decreases. Shocks to production, inflation and interest rates are analyzed.

show abstract

“…There is a vast number of papers that focus on cryptocurrencies. Numerous authors concentrate on economic issues such as national regulations, taxation problems, and monetary policies (Benigno et al, 2022;Marthinsen and Gordon, 2022;Raza et al, 2023;Wang and Hausken, 2021).…”

Section: Introductionmentioning

confidence: 99%

Can Cryptocurrencies Be Feasibly Adopted as a National Currency? The Perspective of the Younger Generation

Eisenbardt,

Eisenbardt

2023

ERSJ

View full text Add to dashboard Cite

Purpose:The aim of the paper is twofold. First, it is a presentation the cryptocurrencies as an interdisciplinary issue, however raising justified concerns. Second, it is the analysis of the opinion of the young generation on the possibility of converting their national currency into cryptocurrencies. Design/methodology/approach: The survey questionnaire was used and data collected from 778 university students were statistically analyzed. The survey was conducted in Poland, a country the cryptocurrencies are treated quite neutrally, they are not banned, and at the same time, they are not a full-fledged means of payment. The opinions of Poland-based students about the possibility of cryptocurrencies adaptation as a national currency considering their experience with cryptocurrencies were taken into consideration. Findings: The results showed that only 17% of students see the possibility of cryptocurrency adaptation as a national currency whereas most of them were opposed to that idea. Significant differences were found between students who had and not had experience with cryptocurrencies and their opinions on such variables as access to cryptocurrency wallets, using cryptocurrencies as a means of payment, and willingness for undertaking activities aimed at cryptocurrencies. However, there were no differences for such variables as cryptocurrency mining as well as the period students learnt about cryptocurrencies. Generally, students who have already had experience with cryptocurrencies rated higher the possibility of cryptocurrency adaptation as a national currency and saw more chances for a such adaptation. Practical implications: The majority of students found it difficult to assess cryptocurrencies and their further development. The presumed adaptation of the cryptocurrencies can encounter two main problems, i.e., (1) there is a large group of people that have no experience with cryptocurrencies and are not interested in them, (2) the opinion and evaluation of cryptocurrencies vary significantly considering people's experience even though only younger generation were analyzed, i.e. people for whom newest technologies and solution are an inseparable part of their lives and thus they are more eager to use them. It can be assumed that for older generations these problems can act as a major limitation and barrier and thus to hinder cryptocurrency adaptation. Originality/value: This study is the first attempt to empirically test the young generation's opinion on the potential adaptation of cryptocurrencies as national currencies. The study results enrich the literature by analyzing cryptocurrencies as a phenomenon rather than an economic variable through the lens of the young generation's opinion.

show abstract

Governmental Taxation of Households Choosing between a National Currency and a Cryptocurrency

Cited by 9 publications

References 34 publications

Exploring the Impact of Post-Investment Management on Investment Funds

Exploring the Impact of Post-Investment Management on Investment Funds

A Two-Period Decision Model for Central Bank Digital Currencies and Households

Can Cryptocurrencies Be Feasibly Adopted as a National Currency? The Perspective of the Younger Generation

Contact Info

Product

Resources

About