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The aim of this research is to explore the associated risks with hedging in cryptocurrencies markets. It focuses on finding the most effective proxy hedge instrument for the Bitcoin-USD market. Due to its particularities, this market does not exhibit the same features as traditional financial...
Persistent link: https://www.econbiz.de/10012837763
This is the article we had prepared around 1-2 weeks ago (data sample starts in October 2014 and ends on 4th of March 2020). But then coronavirus hit our country (Slovak Republic), and we were doing a lot of crisis management tasks and therefore were not able to publish it on time. Now, after...
Persistent link: https://www.econbiz.de/10012839134
While the many commonalities shared by Bitcoin and gold raise a question of whether Bitcoin is a safe-haven like gold, relevant empirical evidence to date is mixed. Unlike existing empirical studies, we derive a simple estimable model of Bitcoin price dynamics from the quantity equation, which...
Persistent link: https://www.econbiz.de/10012839350
Bitcoin is the oldest and most widely established cryptocurrency network with the highest market capitalization among all cryptocurrencies. Although bitcoin (with lowercase b) is increasingly viewed as a digital asset belonging to a new asset class, the Bitcoin network (with uppercase B) is a...
Persistent link: https://www.econbiz.de/10012839431
Promises by media platforms to provide digital transaction services will likely lead to a flood of new money. While these developments are potentially valuable, under current law the money created is unsound. It is not insured by the government, nor is it backed by safe assets. We should not...
Persistent link: https://www.econbiz.de/10012839583
-owned digital currency, national cryptocurrency, government-issued cryptocurrency/state-backed cryptocurrencies, and digital … currency were fixed by central bank, 3) Banning all or some existing nongovernment-based cryptocurrencies was conducted by … classification of government-based cryptocurrency could be fully activated currency, non-activated currency, and pilot …
Persistent link: https://www.econbiz.de/10012839636
-movements and exchange shutdowns in 34 major countries around the world over the period 20 July 2010 – 5 February 2020. Under the … assumption that investors prefer to use local or international Bitcoin exchanges accepting the local currency to trade, we find …
Persistent link: https://www.econbiz.de/10012841932
The prospect of central banks issuing digital currency (CBDC) immediately raises the question of how this new form of …
Persistent link: https://www.econbiz.de/10012954346
Modern law makes currency a creature of the state and ultimately the value of its currency depends on the public … circulating their notes under the shadow of public law. However, Bitcoin represents a potential third currency regime far more … technology, and second by showing how its decentralized order contrasts with currency regimes. Unlike governments that use power …
Persistent link: https://www.econbiz.de/10012902192
After virtual games and friends, the world is using virtual currency. It is an alternative method of payment and … digital assets. This digital currency launched in 2009, has created surge in the market and has gained attention across the … world. It has gathered all appreciation and criticism. Some governments want to ban it, some countries like Hong Kong, Abu …
Persistent link: https://www.econbiz.de/10012906262