Eun Young Oh
Association Professor
South KoreaResearch Interests
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About
Eun Young Oh is an Associate Professor at Kookmin University in South Korea. Her research primarily focuses on the dynamics of cryptocurrency markets, as evidenced by her recent publication on volatility in the Bitcoin market. Additionally, she explores the implications of informal economies in relation to central bank digital currencies.
Articles (2)
Year:
2022
This paper explores the association between the informal economy and the adoption of central bank digital currency (CBDC) by end users, namely households and businesses. Our findings suggest that CBDC may not be widely accepted by end users in the presence of a sizable informal economy in which cash is the primary method of payment. CBDC can decrease informality, but this effect becomes weaker in countries with larger informal economies. Tax reduction and CBDC interest rates can be useful tools to promote the adoption and effectiveness of CBDC, leading to a reallocation effect between formal and informal sectors.
Year:
2022
Collaborators (3)
Dimitrios Bakas
Lecturer
University of Nottingham
Shuonan Zhang
-
Georgios Magkonis
Academic, Senior Lecturer, Senior Lecturer
University of Portsmouth
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