Journal article Open Access

Mexico: A strong inflation and positive cryptocurrency sentiment

EuroMoney Research Team

Mexico is a large population that has continuously explored alterna- tive asset classes that has the potential to be favorable over traditional nancial services and nd safe heaven to protect self-interest from the ef- fects of in ation. This research work intends to nd out the evidence of how Mexicans have proven to break barriers to trust and create massive adoption of cryptocurrencies.

Files (576.6 kB)
  • Esposito,A. 2020. Mexico central bank props up battered peso, rates outlook uncertain [Blog Post]. Retrieved from:

  • Schechter,p. 2020. Latin America's Cryptocurrency Market Is Soaring [Blog Post]. Retried from:

  • Chamon,M., Hofman,D., Magud,D., and Werner,A. 2019. Chapter 11 Mexico: Free-Floating Exchange Regime. Retrieved from:

  • Jexpress Marketign Team. 2019.Cara Packing yang Tepat Jaga Barang Aman dan Antirusak Saat Diterima Pembeli [Blog Post]. Retrieved from:

  • Huang,R. 2020. Bitcoin vs. Inflation[Blog Post]. Retrieved from:

  • Baxter,A. 2020. Inflation In Mexico Reached 3.99\% Is Bitcoin A Solution? [Blog Post]. Retrieved from:

  • Coindesk. 2020. Why It's Time to Pay Attention to Mexico's Booming Crypto Market [Blog Post]. Retrieved from:

  • Cointelegraph. 2020. La inflación en México llegó a 3.99\% ¿Es bitcoin una solución? [Blog Post]. Retrieved from:

  • Approved by Moghadam,R. Ostry,J,D. and Sheehy,R. 2011."Assessing Reserve Adequacy"

  • Calvo,A., Izquierdo,A. and Loo-Kung,R. 2012. "Optimal Holdings of International Reserves: Self-Insurance against Sudden Stop," NBER Working Papers 18219, National Bureau of Economic Research, Inc.

  • Jeannne,O. and Ranciere,R. 2006."The Optimal Level of International Reserves for Emerging Market Countries: Formulas and Applications"

  • Chamon,M., Hofman,D., Magud.N., Werner,A. 2019. "Chapter 11 Mexico: Free-Floating Exchange Regime"

  • Mazikana,A,T. 2019. "The impact of cryptocurrencies in Zimbabwe:An analysis of Bitcoins"

  • Stancel,D. 2015. "Economic Consequences of Cryptocurrencies and Associated Decentralized Systems" Ph.D Thesis. Department of Economics. Faculty of Economics and Administration Masaryk University

  • Auer, Raphael, and Stijn, C. 2018. "Regulating Cryptocurrencies: Assessing Market Reactions". Basel: Bank for International Settlements Quarterly Review, September.

  • Dwyer, G.P. 2014. "The economics of Bitcoin and Similar Private Digital Currencies". Journal of Financial Stability, 333, pp. 1-11

  • Kristoufek, L. 2015. "What Are the Main Drivers of the Bitcoin Price? Evidence from Wavelet Coherence Analysis". PLOS ONE, 10(4).

  • versky, A., Kahneman, D. 1991. "Loss aversion in riskless choice: A reference-dependent model". The Quarterly Journal of Economics, 106(4), 1039–1061.

  • Hwang, S., Satchell, S.E. 2010. "How loss averse are investors in financial markets? Journal of Banking & Finance", 34(10), 2425–2438

  • Baur, D.G., Lucey, B.M. 2010. "Is gold a hedge or a safe haven? An analysis of stocks, bonds and gold". Financial Review, 45(2), 217–229

  • Ranaldo, A., S¨oderlind, P. 2010."Safe haven currencies. Review of Finance", 14(3), 385–407

  • Bredin, D., Conlon, T., Pot`ı, V. 2015. "Does gold glitter in the long-run? Gold as a hedge and safe haven across time and investment horizon". International Review of Financial Analysis, 41, 320–328.

  • Flavin, T.J., Morley, C.E., Panopoulou, E. 2014. "Identifying safe haven assets for equity investors through an analysis of the stability of shock transmission". Journal of International Financial Markets, Institutions and Money, 33, 137–154.

  • Shahzad, S.J.H., Bouri, E., Roubaud, D., Kristoufek, L., Lucey, B. 2019. "Is Bitcoin a better safe-haven investment than gold and commodities?". International Review of Financial Analysis, 63, 322–330

  • Guesmi, K., Saadi, S., Abid, I., Ftiti, Z. 2019. "Portfolio diversification with virtual currency: Evidence from bitcoin". International Review of Financial Analysis, 63, 431–437.

  • Urquhart, A., Zhang, H. 2019. Is Bitcoin a hedge or safe haven for currencies? An intraday analysis. International Review of Financial Analysis, 63, 49–57.


  • IE - CGC. 2020. "Cryptocurrencies and the future of money - Money and Trust in Mexico".

All versions This version
Views 3535
Downloads 9494
Data volume 54.2 MB54.2 MB
Unique views 2929
Unique downloads 8787


Cite as