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The economics of BitCoin price formation

Ciaian, Pavel; Rajcaniova, Miroslava; Kancs, D'Artis - 2014

This paper analyses the relationship between BitCoin price and supply-demand fundamentals of BitCoin, global macro-financial indicators and BitCoin’s attractiveness for investors. Using daily data for the period 2009-2014 and applying time-series analytical mechanisms, we find that BitCoin...

Persistent link: https://www.econbiz.de/10011527223

Bitcoin, gold and the dollar : a GARCH volatility analysis

Dyhrberg, Anne Haubo - 2015

This paper sets out to explore the hedging capabilities of bitcoin by applying the asymmetric GARCH methodology used in investigation of gold. The results show that bitcoin can clearly be used as a hedge against stocks in the Financial Times Stock Exchange Index. Additionally bitcoin can be used...

Persistent link: https://www.econbiz.de/10011347560

Are Cryptocurrencies Currencies? Bitcoin as Legal Tender in El Salvador

Alvarez, Fernando E.; Argente, David; Van Patten, Diana - National Bureau of Economic Research - 2022

experiment: In September 2021, El Salvador became the first country in the world to make bitcoin legal tender, and all economic …

Persistent link: https://www.econbiz.de/10013191063

Does Bitcoin behave as a currency? : a standard monetary model approach

Hui, Cho H.; Lo, Chi-Fai; Chau, Po-Hon; Wong, Andrew - 2019

Persistent link: https://www.econbiz.de/10012203004

CRIX or evaluating blockchain based currencies

Trimborn, Simon; Härdle, Wolfgang - 2016

The S&P500 or DAX30 are important benchmarks for the financial industry. The first mimics the performance of the major US on the NYSE, AMEX and NASDAQ, while the second does the same for the German Prime Share sector. These and other indices describe different compositions of certain segments of...

Persistent link: https://www.econbiz.de/10011481648

Central Bank digital currencies : a framework for assessing why and how

Fung, Ben Siu-cheong; Hałaburda, Hanna - 2016

use in making payments. Public authorities and central banks around the world are closely monitoring developments in … question for public authorities such as a central bank is whether or not to issue its own digital currency that can be used by … the general public to make payments. There are several public policy arguments for a central-bank-issued digital currency …

Persistent link: https://www.econbiz.de/10011565226