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A five cent $0.05 investment in Bitcoin on July 17, 2010, the first date in which there appears to have been a … capitalization of almost $300 billion by December 13, 2017, Bitcoin had become equivalent to the world's sixth largest currency and … has, despite its volatility, attracted considerable attention as an investment asset. Our research examines the history of …
Persistent link: https://www.econbiz.de/10012914281
I will address eight common claims about bitcoin: 1. Physical bitcoins exist; 2. The founder of bitcoin is a person called Satoshi Nakamoto; 3. Bitcoin is mainly used for criminal activity; 4. A lack of security plagues bitcoin; 5. Mining is a waste of energy; 6. Bitcoin too small today to be an...
Persistent link: https://www.econbiz.de/10012972898
Persistent link: https://www.econbiz.de/10013005072
A statistical framework is presented to assess customer risk ratings used in anti-money laundering (AML) surveillance. We analyze data on a sample of 494 customers from a U.S. national bank where the customers are rated from Low to High over 13 time periods. We model these ratings using an...
Persistent link: https://www.econbiz.de/10013005820
This paper derives the arbitrage-free pricing formulae and hedging ratios of path-dependent multicurrency interest rate derivatives in continuous time. The exchange rates and the zero-coupon bond prices are modeled by multivariate log-normal processes with an arbitrary number of random factors....
Persistent link: https://www.econbiz.de/10013042926
This paper will provide information on what happened in the financial crisis of 2008 and how to graph volatility outside of the option market. We will investigate the causes of the financial crisis, as well as some of the social inequalities that still exist today. We will explore household...
Persistent link: https://www.econbiz.de/10012993297
Cultural diversity – in various forms – has in recent years turned into a prominent and relevant research and policy issue. There is an avalanche of studies across many disciplines that measure and analyse cultural diversity and its impacts. Based on different perspectives and features of...
Persistent link: https://www.econbiz.de/10013029152
How does the quality of the transparency regime in a country impact citizen-reporting on corruption? What effect does it have on the work of intermediary bodies such as citizen complaint mechanisms? How do citizen complaint mechanisms, in turn, influence the transparency regimes they work under?...
Persistent link: https://www.econbiz.de/10013001017
In this paper we discuss the continued transition of financial markets towards trade standardization and the clearing of transactions, outlining the role of central clearing counterparties CCPs in reducing systemic and idiosyncratic risk. We contrast this with a discussion on bespoke non-cleared...
Persistent link: https://www.econbiz.de/10012932874
International investment and related disputes are on the rise. With national courts generally unavailable and … difficulties resolving disputes through diplomacy, investment treaties give investors a right to seek redress and arbitrate … directly with states. The costs of these investment treaty arbitrations - including the costs of lawyers for both sides, as …
Persistent link: https://www.econbiz.de/10014185106