Empirica – Journal of European Economics

Sponsored by the Austrian Economic Association and the Austrian Institute of Economic Research

Empirica publishes empirical and theoretical work on all economic aspects of European Integration. The topics may range from all challenges concerning the deepening of the European Union (Single Market, Lisbon Agenda, EMU) to enlargement and the external relations of the EU (globalisation).

Journal homepage

Search for articlesAdvanced search

Details

Helmut Stix
Special Issue: Ownership and purchase intention of crypto-assets: survey results
Empirica, 2021, 48(1), pp.65-99, http://www.springer.com/10663
The paper employs surveys among Austrian households to study ownership and purchase intentions of crypto-assets. About 1.6 percent of Austrians own crypto-assets and about 5 percent can be viewed as potential adopters. Owners, on average, have higher financial knowledge and are more risk-tolerant than non-owners. Distrust in banks or in conventional currencies is not found to be an important driver of ownership. Intentions to adopt are strongly affected by profit expectations and by beliefs that crypto-assets offer advantages for payments – most adopters or potential adopters hold both beliefs. Perceptions of high volatility or the risk of fraud and online theft dampen the demand for crypto-assets.
Research group:Macroeconomics and European Economic Policy
Language:English

Managing Editor

Univ.-Prof. MMag. Dr. Harald Oberhofer

Function: Senior Economist, Editor-in-Chief Empirica
Research groups: Industrial Economics, Innovation and International Competition