Showing 1 - 10 of 52
This paper analyses the cultural drivers (tightness−looseness and individualism−collectivism) of Bitcoin prices co … assumption that investors prefer to use local or international Bitcoin exchanges accepting the local currency to trade, we find … that Bitcoin prices co-move more in countries with tighter and more collectivistic cultures. However, greater connectivity …
Persistent link: https://www.econbiz.de/10012841932
results suggest that cryptocurrency markets rely on regulated financial institutions to operate and that these markets are …
Persistent link: https://www.econbiz.de/10012836205
This paper deals with cryptocurrency bubbles. First, it points out that a number of recent papers on cryptocurrency … presence of cryptocurrency bubbles or the fundamental value of cryptocurrencies is needless. Second, the paper conducts a short … empirical analysis into the relationship of the prices of Etherum and Bitcoin. Evidence of explosive periods is found in the …
Persistent link: https://www.econbiz.de/10012866076
case of four cryptocurrencies (Bitcoin, Ethernam, Litecoin and Stellar) over the period 8/8/2015-28/2/2019. The analysis …
Persistent link: https://www.econbiz.de/10012867869
This paper examines whether there exists a momentum effect after one-day abnormal returns in the cryptocurrency market …. For this purpose a number of hypotheses of interest are tested for the BitCoin, Ethereum and LiteCoin exchange rates vis …
Persistent link: https://www.econbiz.de/10012859990
Since its launch in 2009 much has been written about Bitcoin, cryptocurrencies and blockchains. While the discussions …
Persistent link: https://www.econbiz.de/10013250041
Stablecoins rise to meet the demand for safe assets in decentralized finance. Stablecoin issuers transform risky reserve assets into tokens of stable values, deploying a variety of tactics. To address the questions on the viability of stablecoins, regulations, and the initiatives led by large...
Persistent link: https://www.econbiz.de/10013214344
This paper examines mean and volatility spillovers between three major cryptocurrencies (Bitcoin, Litecoin and Ethereum … account, Bitcoin appearing to be the dominant one. Further, Wald tests for parameter shifts during episodes of turbulence … resulting from cyber attacks provide evidence that the latter affect the transmission mechanism between cryptocurrency returns …
Persistent link: https://www.econbiz.de/10012832186
A central bank digital currency, or CBDC, may provide an attractive alternative to traditional demand deposits held in private banks. When offering CBDC accounts, the central bank needs to confront classic issues of banking: conducting maturity transformation while providing liquidity to private...
Persistent link: https://www.econbiz.de/10013314768
Central bank digital currencies (CBDCs) are receiving more attention than ever before. Yet the motivations for issuance vary across countries, as do the policy approaches and technical designs. We investigate the economic and institutional drivers of CBDC development and take stock of design...
Persistent link: https://www.econbiz.de/10013315046