Narrow search
Showing 1 - 10 of 196
Cover Image
Distrust or speculation? : the socioeconomic drivers of U.S. cryptocurrency investments
Auer, Raphael A.; Tercero-Lucas, David - 2021
Employing representative data from the U.S. Survey of Consumer Payment Choice, we disprove the hypothesis that cryptocurrency investors are motivated by distrust in fiat currencies or regulated finance. Compared with the general population, investors show no differences in their level of...
Persistent link: https://www.econbiz.de/10012619271
Cover Image
Another look at cryptocurrency bubbles
Gronwald, Marc - 2019
empirical analysis into the relationship of the prices of Etherum and Bitcoin. Evidence of explosive periods is found in the … price of Etherum even if this price is expressed in terms of Bitcoin rather than US Dollars. These periods, however, are … found to be in the first half of 2016 and 2017, respectively, but not during the price peak period of Bitcoin witnessed end …
Persistent link: https://www.econbiz.de/10012033146
Cover Image
Cryptocurrency market reactions to regulatory news
Auer, Raphael A.; Claessens, Stijn - 2020
Cryptocurrencies are often thought to operate out of the reach of national regulation, but in fact their valuations, transaction volumes and user bases react substantially to news about regulatory actions. The impact depends on the specific regulatory category to which the news relates: events...
Persistent link: https://www.econbiz.de/10012205633
Cover Image
An economic analysis of blockchains
Waelbroeck, Patrick - 2018
The blockchain is a technology that goes beyond timestamping, bitcoin and secure financial transactions. The …
Persistent link: https://www.econbiz.de/10011794645
Cover Image
Persistence in the cryptocurrency market
Caporale, Guglielmo Maria; Gil-Alaña, Luis A.; … - 2017
fractional integration) are used to analyse it in the case of the four main cryptocurrencies (BitCoin, LiteCoin, Ripple, Dash …
Persistent link: https://www.econbiz.de/10011780599
Cover Image
The economics of bitcoins : market characteristics and price jumps
Gronwald, Marc - 2014
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
Cover Image
Cryptocurrencies, technology stocks, Covid-19 and US policy responses: a fractional integration analysis
Abakah, Emmanuel Joel Aikins; Caporale, Guglielmo Maria; … - 2022
the case of nine major coins (Bitcoin - BITC, Stella - STEL, Litecoin - LITE, Ethereum - ETHE, XRP (Ripple), Dash, Monero …
Persistent link: https://www.econbiz.de/10013041344
Cover Image
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/10012607298
Cover Image
Embedded supervision : how to build regulation into decentralised finance
Auer, Raphael A. - 2022
The emergence of so-called "decentralised finance" (DeFi) and a shadow financial system of cryptocurrency exchanges and stablecoin issuers raises the challenge of how to apply technology-neutral regulation so that similar risks are subject to the same rules. This paper makes the case for...
Persistent link: https://www.econbiz.de/10013206072
Cover Image
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 …
Persistent link: https://www.econbiz.de/10012418426