Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/323776 
Year of Publication: 
2024
Citation: 
[Journal:] International Journal of Finance & Economics [ISSN:] 1099-1158 [Volume:] 30 [Issue:] 3 [Publisher:] John Wiley & Sons, Ltd. [Place:] Chichester, UK [Year:] 2024 [Pages:] 2849-2866
Publisher: 
John Wiley & Sons, Ltd., Chichester, UK
Abstract: 
Abstract This article investigates the economic governance of blockchain‐based virtual economies in the context of monetary policy. Focusing on tokenomics communication, we employ deductive and inductive approaches, applying real‐world monetary policy metrics and text mining frameworks. Our comparative analysis reveals that the tokenomics communication in blockchain‐based virtual economies primarily functions as a fundraising tool, lacking policy discussions, with divergences from real‐world economies in policy goals and numerical targets. Furthermore, our research highlights similarities between blockchain‐based virtual economies and early‐stage low‐income developing countries in communication dynamics.
Subjects: 
blockchain
monetary policy communication
monetary policy frameworks
text mining
tokenomics
virtual economies
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version
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