Showing 1 - 10 of 477
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/10012219891
This paper investigates the role of the frequency of price overreactions in the cryptocurrency market in the case of … BitCoin over the period 2013-2018. Specifically, it uses a static approach to detect overreactions and then carries out … Bitcoin price movements (H1) and (ii) exhibits seasonality (H2). On the whole, the results suggest that it can provide useful …
Persistent link: https://www.econbiz.de/10011922057
as well as the comparison of Bitcoins and gold. Second, the paper empirically analyses Bitcoin prices using an … autoregressive jump-intensity GARCH model; a model tested and proven by the empirical finance community. Results suggest that Bitcoin …
Persistent link: https://www.econbiz.de/10010464707
The blockchain is a technology that goes beyond timestamping, bitcoin and secure financial transactions. The … development of an ecosystem around smart connected objects will probably not happen without the blockchain (in one form or another …). The blockchain opens the door to the liquification of the physical world, to the economy of real-time micro …
Persistent link: https://www.econbiz.de/10011794645
Since its launch in 2009 much has been written about Bitcoin, cryptocurrencies and blockchains. While the discussions …
Persistent link: https://www.econbiz.de/10012418426
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/10012306593
conflict between the blockchain designer and validators with monopoly power in choosing between price-setting and quantity … results help account for differences between the fee policy designs of Bitcoin and Ethereum, the leading blockchains, and have …
Persistent link: https://www.econbiz.de/10015046289
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/10012619271
results suggest that cryptocurrency markets rely on regulated financial institutions to operate and that these markets are …
Persistent link: https://www.econbiz.de/10012205633
The doctrine of "patent exhaustion" implies that the authorized sale of patented goods "exhausts" the patent rights in … model of domestic patent exhaustion that incorporates transaction costs in consumer licensing, and examines how a shift in … patent policy from absolute to presumptive exhaustion, in which the patent owner can opt- out of exhaustion via contract …
Persistent link: https://www.econbiz.de/10011718680