Results 101 to 110 of about 83,252 (229)
Book Review: "The Bitcoin Standard: The Decentralized Alternative to Central Banking"
Quarterly Journal of Austrian Economics, 2020 Treating bitcoin from the point of view of Austrian economics, Saifedean Ammous' _The Bitcoin Standard_ relates bitcoin to the theory of the market economy as a whole.
Kristoffer Hansen
doaj +1 more source
Cryptocurrency Bubbles and Costly Mining
International Economic Review, EarlyView.ABSTRACT This paper develops a model of a cryptocurrency by incorporating mining into the otherwise standard search‐theoretic monetary framework. As usual, multiple equilibria exist. To obtain a sharp prediction on whether a cryptocurrency' s value will last in the future, I propose a notion of equilibrium refinement based on the feature that mining ...
Kohei Iwasaki
wiley +1 more source
Flight to Bitcoin (in)attention and herding in cryptocurrencies
International Review of Economics & FinanceThis paper first documents a novel herding for Altcoin, i.e., herding towards Bitcoin. Besides, constructing the proxies for flight to Bitcoin (in)attention with Google Trends and Twitter, the results reveal that flight to Bitcoin inattention strengthens
Xiao Li
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Miners' Reward Elasticity and Stability of Competing Proof‐of‐Work Cryptocurrencies
International Economic Review, EarlyView.ABSTRACT Proof‐of‐Work cryptocurrencies employ miners to sustain the system through algorithmic reward adjustments. We develop a stochastic model of the multicurrency mining and identify conditions for stable transaction speeds. Bitcoin's algorithm requires hash supply elasticity <$<$1 for stability, while ASERT remains stable for any elasticity and ...
Kohei Kawaguchi +2 more
wiley +1 more source
How Important Is the Home Market for Cross‐Listed Biotech Companies?
International Finance, EarlyView.ABSTRACT This study investigates five German biotechnology firms cross‐listed on XETRA and NASDAQ. By employing high‐frequency data, we estimate both bivariate and trivariate vector error correction models—the latter explicitly accounting for exchange rate dynamics—to assess which market, domestic or U.S., leads in price discovery.
Theodore Panagiotidis, Pavlos Tsiokas
wiley +1 more source
Specification Tests for Jump‐Diffusion Models Based on the Characteristic Function
International Statistical Review, EarlyView.Summary Goodness‐of‐fit tests are suggested for several popular jump‐diffusion processes. The suggested test statistics utilise the marginal characteristic function of the model and its L2‐type discrepancy from an empirical counterpart. Model parameters are estimated either by minimising the aforementioned L2‐type discrepancy or by maximum likelihood ...
Gerrit Lodewicus Grobler +3 more
wiley +1 more source
Coalition Formation for Sustainable Blockchain Governance: Insights From the Hedera Case
Information Systems Journal, EarlyView.ABSTRACT Sustainable governance is essential for blockchain networks to achieve widespread adoption and deliver long‐term business value. Prior blockchain initiatives indicate that inadequate governance structures often lead to limited adoption or eventual project failure, underscoring the importance of decentralised governance for building resilient ...
Christophe Viguerie, Horst Treiblmaier
wiley +1 more source
Deep Recurrent Modelling of Stationary Bitcoin Price Formation Using the Order Flow [PDF]
, 2020 Ye-Sheen Lim, Denise Gorse
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