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When does a swap between private and public money leave the equilibrium allocation and price system unchanged? To … answer this question, the paper sets up a generic model of money and liquidity which identifies sources of seignorage rents …
Persistent link: https://www.econbiz.de/10012033128
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
bubbles are awed due to an insufficient consideration of the fundamental value of cryptocurrencies. As even fiat money is said … 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 …
Persistent link: https://www.econbiz.de/10012033146
securities law have the greatest adverse effect, followed by news on combating money laundering and the financing of terrorism …
Persistent link: https://www.econbiz.de/10012205633
The blockchain is a technology that goes beyond timestamping, bitcoin and secure financial transactions. The …
Persistent link: https://www.econbiz.de/10011794645
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
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 case of nine major coins (Bitcoin - BITC, Stella - STEL, Litecoin - LITE, Ethereum - ETHE, XRP (Ripple), Dash, Monero …
Persistent link: https://www.econbiz.de/10013041344
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
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