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An Essay on Minimum Disclosure Requirements for Cryptocurrency & Utility Token Issuers

Krapels, Nicholas J. - 2020

practices also positively affect cryptocurrency and utility token prices …

Persistent link: https://www.econbiz.de/10012833322

The Blockchain, Plums, and Lemons - Information Asymmetries & Transparency in Decentralized Markets

Notheisen, Benedikt - 2019

by Bitcoin to market-oriented application scenarios. To shed light on the technology's usage in markets with asymmetric …

Persistent link: https://www.econbiz.de/10012898959

A model for central bank digital currencies : implications for bank funding and monetary policy

Groß, Jonas; Schiller, Jonathan - 2021

Central bankers express concerns that central bank digital currencies (CBDCs) might disintermediate commercial banks and facilitate bank runs. We analyze these concerns in a DSGE framework and provide a rationale for the disintermediation of the banking sector. Our focus is on the central bank's...

Persistent link: https://www.econbiz.de/10013329655

A Model for Central Bank Digital Currencies : Implications for Bank Funding and Monetary Policy

Gross, Jonas; Schiller, Jonathan - 2021

We develop a dynamic stochastic general equilibrium (DSGE) model to study the impact of central bank digital currencies (CBDCs) on the financial sector. We focus on the effects of interest- and non- interest-bearing CBDCs during financial crises and their interactions with the effective lower...

Persistent link: https://www.econbiz.de/10013217979

Volatility contagion between cryptocurrencies, gold and stock markets pre-and-during COVID-19 : evidence using DCC-GARCH and cascade-correlation network

Ibrahim, Bassam A.; Elamer, Ahmed A.; Alasker, Thamir H.; … - In: Financial innovation : FIN 10 (2024), pp. 1-28

The rapid rise of Bitcoin and its increasing global adoption has raised concerns about its impact on traditional … extent of the volatility contagion from the Bitcoin market to traditional markets, focusing on gold and six major stock … Bitcoin and those markets. Our results indicate long-term volatility contagion between Bitcoin and gold and short …

Persistent link: https://www.econbiz.de/10014540621

Bitcoin price and its marginal cost of production : support for a fundamental value

Hayes, Adam S. - In: Applied economics letters 26 (2019) 7, pp. 554-560

Persistent link: https://www.econbiz.de/10012204274

Crypto-currency bubbles : an application of the Phillips-Shi-Yu (2013) methodology on Mt. Gox bitcoin prices

Cheung, Adrian Wai Kong; Roca, Eduardo; Su, Jen-je - In: Applied economics 47 (2015) 22/24, pp. 2348-2358

Persistent link: https://www.econbiz.de/10010516627

A principal component-guided sparse regression approach for the determination of bitcoin returns

Panagiōtidēs, Theodōros; Stengos, Thanasēs; … - In: Journal of risk and financial management : JRFM 13 (2020) 2/33, pp. 1-10

We examine the significance of fourty-one potential covariates of bitcoin returns for the period 2010-2018 (2872 daily … uncertainty and stock market volatility are among the most important variables for bitcoin. We also trace strong evidence of … bubbly bitcoin behavior in the 2017-2018 period. …

Persistent link: https://www.econbiz.de/10012173752

A principal component-guided sparse regression approach for the determination of bitcoin returns

Stengos, Thanasēs; Panagiōtidēs, Theodōros; … - 2020

Persistent link: https://www.econbiz.de/10012152311

Bursting the bitcoin bubble : assessing the fundamental value and social costs of bitcoin

Podhorsky, Andrea - 2019

This paper develops a microeconomic model of bitcoin production to analyze the economic effects of the Bitcoin protocol …. I view the bitcoin as a tradable commodity that is produced by miners and whose supply is managed by the protocol. The … findings show that bitcoin's volatile price path and inefficiency are related, and that both are a consequence of the protocol …

Persistent link: https://www.econbiz.de/10011992108