Showing 951 - 960 of 1,031
We rely on recently developed general equilibrium asset pricing models, from which we derive some predictions about how heterogeneity of beliefs affects return and volatility dynamics. The first contribution of our paper is the derivation of a simple decomposition of the conditional stock...
Persistent link: https://www.econbiz.de/10012708265
Persistent link: https://www.econbiz.de/10012240711
Persistent link: https://www.econbiz.de/10012316703
Persistent link: https://www.econbiz.de/10012318743
Persistent link: https://www.econbiz.de/10012303857
Persistent link: https://www.econbiz.de/10012303871
Persistent link: https://www.econbiz.de/10012304014
We examine price discovery and liquidity provision in the secondary market for bitcoin-an asset with a high level of speculative trading. Based on BTC-e's full limit order book over the 2013-2014 period, we find that order informativeness increases with order aggressiveness within the first 10...
Persistent link: https://www.econbiz.de/10012171450
Persistent link: https://www.econbiz.de/10012099014
Persistent link: https://www.econbiz.de/10012415114