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Seeding the S-Curve? The Role of Early Adopters in Diffusion

Catalini, Christian - 2016

In October 2014, all 4,494 undergraduates at the Massachusetts Institute of Technology were given access to Bitcoin, a decentralized digital currency. As a unique feature of the experiment, students who would generally adopt first were placed in a situation where many of their peers received...

Persistent link: https://www.econbiz.de/10012456083

When Cryptomining Comes to Town : High Electricity-use Spillovers to the Local Economy

Benetton, Matteo; Compiani, Giovanni; Morse, Adair - National Bureau of Economic Research - 2023

Cryptomining, the clearing of cryptocurrency transactions, uses large quantities of electricity. We document that …

Persistent link: https://www.econbiz.de/10014322700

R-Squared Around the World : New Theory and New Tests

Jin, Li - 2004

Morck, Yeung and Yu (MYY, 2000) show that R2 and other measures of stock market synchronicity are higher in countries with less developed financial systems and poorer corporate governance. MYY and Campbell, Lettau, Malkiel and Xu (2001) also find a secular decline in R2 in the United States over...

Persistent link: https://www.econbiz.de/10012468240

Financial Integration : A New Methodology and an Illustration

Flood, Robert P. - 2003

This paper develops a simple new methodology to test for asset integration and applies it within and between American …

Persistent link: https://www.econbiz.de/10012468817

The European Union, the Euro, and Equity Market Integration

Bekaert, Geert - 2010

equity market integration in Europe. We use a simple and essentially model free measure of bilateral market segmentation: two … even after we control for several possible channels of integration, such as bilateral trade, direct investment positions … the Euro adoption has minimal effects on market integration …

Persistent link: https://www.econbiz.de/10012462074

Long-Term Global Market Correlations

Goetzmann, William N. - 2001

correlations vary considerably through time and are highest during periods of economic and financial integration such as the late …

Persistent link: https://www.econbiz.de/10012470104

Volatiltiy and Links Between National Stock Markets

King, Mervyn - 1990

The empirical objective of this study is to account for the time-variation the covariances between markets. Using data on sixteen national stock markets, we estimate a multivariate factor model in which the volatility of returns is induced by changing volatility in the orthogonal factors. Excess...

Persistent link: https://www.econbiz.de/10012475676

Towards an Unstable Hook : The Evolution of Stock Market Integration Since 1913

Bastidon, Cécile - 2019

We examine equity market integration for 17 countries from 1913-2018. We use network analysis to measure the evolution … of global stock market integration as well as stock market integration between and across countries. The empirical … results suggest that long-run stock market integration looks like an unstable hook. Equity market integration first peaked in …

Persistent link: https://www.econbiz.de/10012480112

Migration, Spillovers,and Trade Diversion : The Impact of Internationalization on Stock Market Liquidity

Levine, Ross - 2003

What is the impact of firms that cross-list, issue depositary receipts, or raise capital in international stock markets on the liquidity of remaining firms in domestic markets? Using a panel of over 3,200 firms from 55 countries during 1989-2000, we find that internationalization reduces the...

Persistent link: https://www.econbiz.de/10012469086

High-frequency, Algorithmic Spillovers Between NASDAQ and Forex

Ito, Takatoshi - 2015

We empirically examine the order flows spillovers between Nasdaq and the Forex markets in 2008 and 2009. With emphasis on a role of high-frequency traders (HFTs) who aggregate information between the two markets as well as within each market, our results show that HFTs in Nasdaq trade...

Persistent link: https://www.econbiz.de/10012457544