Dissertations and Theses

Date of Award

2022

Document Type

Thesis

Department

Economics and Business

First Advisor

Matthew Nagler

Keywords

Financial literacy, Cryptocurrency regulation, OLS regression, United States, Political Economy

Abstract

Using data collected by the National Financial Capability Study (NFCS), a survey by the Financial Industry Regulatory Authority (FINRA), this paper investigates the influence of passage of cryptocurrency regulation in U.S. states on levels of financial literacy. Results indicate that living in a state where cryptocurrency regulation was signed into law, a decrease was observed in the level of financial literacy. This finding supports the growing literature on factors that affect levels of financial literacy using a novel exogenous variable, cryptocurrency regulation.

Available for download on Friday, May 19, 2023

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