Price Discovery on Bitcoin Exchanges

Bitcoin is an open source peer-to-peer electronic money and payment system. It is traded at several exchanges and high-frequency trade data are publicly available. We study the contributions of Bitcoin exchanges to price discovery. Our results show that Mt.Gox and BTC-e are the market leaders with the highest information share. Our analysis further suggest that information share is dynamic and evolves significantly over time

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Year of publication:	2015
Authors:	Brandvold, Morten
Other Persons:	Molnár, Peter (contributor) ; Vagstad, Kristian (contributor) ; Valstad, Christian (contributor)
Publisher:	[2015]: [S.l.] : SSRN
Subject:	Börsenkurs \| Share price \| Elektronisches Geld \| Electronic money \| Virtuelle Währung \| Virtual currency \| Preis \| Price \| Wechselkurs \| Exchange rate \| Tauschwirtschaft \| Barter economy

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Extent:	1 Online-Ressource (35 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Journal of International Financial Markets, Institutions and Money, Forthcoming Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 16, 2015 erstellt
Classification:	G14 - Information and Market Efficiency; Event Studies ; G15 - International Financial Markets
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013011876