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Cyber Attacks, Spillovers and Contagion in the Cryptocurrency Markets

Caporale, Guglielmo Maria - 2020

resulting from cyber attacks provide evidence that the latter affect the transmission mechanism between cryptocurrency returns … portfolio diversification opportunities for cryptocurrency investors. Finally, the conditional correlation analysis confirms the …

Persistent link: https://www.econbiz.de/10012832186

Liberalization and Stock Market Co-Movement between Emerging Economies

Beine, Michel; Candelon, Bertrand - 2021

In this paper, we investigate the impact of trade and financial liberalization on the degree of stock market co-movement among emerging economies. Using a sample of 25 developing countries observed over 15 years, we estimate the impact of reforms which aim at opening these countries to trade and...

Persistent link: https://www.econbiz.de/10013316796

Bitcoin Fluctuations and the Frequency of Price Overreactions

Caporale, Guglielmo Maria - 2019

This paper investigates the role of the frequency of price overreactions in the cryptocurrency market in the case of … information to predict price dynamics in the cryptocurrency market and for designing trading strategies (H1 cannot be rejected …

Persistent link: https://www.econbiz.de/10012892294

Taxing Cryptocurrencies

Baer, Katherine; Mooij, Ruud A. de; Hebous, Shafik; … - 2023

Policymakers are struggling to accommodate cryptocurrencies within tax systems not designed to handle them; this paper reviews the issues that arise. The greatest challenges are for implementation: crypto’s quasi-anonymity is an inherent obstacle to third-party reporting. Design problems arise...

Persistent link: https://www.econbiz.de/10014355354

Banking in the Shadow of Bitcoin? The Institutional Adoption of Cryptocurrencies

Auer, Raphael A.; Farag, Marc; Lewrick, Ulf; Orazem, Lovrenc - 2023

. What role are traditional financial intermediaries playing in cryptocurrency markets and what drives their engagement? Are …’ cryptocurrency exposures and by synthesising a range of complementary data sources for other types of institutions. We find that … economic development, and greater financial inclusion are associated with a higher likelihood of banks taking on cryptocurrency …

Persistent link: https://www.econbiz.de/10014355555

Can Bitcoin Mining Increase Renewable Electricity Capacity?

Bruno, August; Weber, Paige; Yates, Andrew - 2022

Proponents of Bitcoin argue that demand for electricity from Bitcoin miners can lead to an increase in renewable electricity capacity. We rigorously evaluate this claim by estimating a Bitcoin electricity demand curve and include this demand curve in a long-run model of the Texas electricity...

Persistent link: https://www.econbiz.de/10014239209

Long-Run Linkages between US Stock Prices and Cryptocurrencies : A Fractional Cointegration Analysis

Caporale, Guglielmo Maria; Dios Mazariegos, José Javier; … - 2022

This paper applies fractional integration and cointegration methods to examine respectively the univariate properties …

Persistent link: https://www.econbiz.de/10014239604

The Microeconomics of Cryptocurrencies

Hałaburda, Hanna; Haeringer, Guillaume; Gans, Joshua; … - 2021

Since its launch in 2009 much has been written about Bitcoin, cryptocurrencies and blockchains. While the discussions initially took place mostly on blogs and other popular media, we now are witnessing the emergence of a growing body of rigorous academic research on these topics. By the nature...

Persistent link: https://www.econbiz.de/10013250041

Money Creation in Decentralized Finance : A Dynamic Model of Stablecoin and Crypto Shadow Banking

Li, Ye; Mayer, Simon - 2021

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

Distrust or Speculation? The Socioeconomic Drivers of U.S. Cryptocurrency Investments

Auer, Raphael A.; Tercero-Lucas, David - 2021

cryptocurrency investors are motivated by distrust in fiat currencies or regulated finance. Compared with the general population … cryptocurrency investors tend to be educated, young and digital natives. In recent years, a gap in ownership of cryptocurrencies …

Persistent link: https://www.econbiz.de/10013212264