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revolution, one that could reinvent traditional financial and social structures while bringing the world's billions of "unbanked …, its function, and what you need to know to navigate a cyber-economy. The digital currency world will look very different … from the paper currency world; The Age of Cryptocurrency will teach you how to be ready"-- …
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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...
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Proponents of the so-called New Economy claim that it entails a structural change of the economy. Such a change, in turn, would require the central bank to rethink its monetary policy to the extent that traditional relationships between inf1ation and economic growth are no longer valid. But such...
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