Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/311797 
Year of Publication: 
2024
Series/Report no.: 
Bank of Canada Staff Working Paper No. 2024-48
Publisher: 
Bank of Canada, Ottawa
Abstract: 
In the rapidly evolving landscape of digital asset markets, measuring cryptoasset knowledge alongside financial knowledge enhances our understanding of individuals' decisions to purchase cryptoassets. Using microdata from the Bank of Canada's Bitcoin Omnibus Survey, we measure familiarity with crypto concepts using a set of three questions covering basic aspects of Bitcoin. Familiarity with financial concepts is measured using a set of three questions covering basic aspects of conventional finance. We also consider gender differences across these measures. A novel aspect of this paper is an empirical joint analysis that allows us to consider the interrelationship between these two measures of crypto and financial knowledge.
Subjects: 
Central bank research
Digital currencies and fintech
Econometric and statistical methods
JEL: 
C81
D14
D91
G53
O51
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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