Results 81 to 90 of about 39,133 (240)
The Dynamics of European Economic Systems Amid the Russia–Ukraine Conflict: A Cybernetics Approach
ABSTRACT This study analyzes the dynamics of European economic systems in the context of the Russia–Ukraine conflict, employing a cybernetics approach and advanced econometric models. Based on the premise that national economies operate as complex adaptive systems, the study investigates the impact of geopolitical shocks on macroeconomic equilibrium ...
Ionuț Nica +3 more
wiley +1 more source
The Network State, Exit, and the Political Economy of Venture Capital
Abstract This article focuses on the Network State movement as embodying the venture capital (VC) logic of exit. Exit constitutes both a strategy for lucrative returns and an ideology seeking out new territories for financial and technological speculation.
Olivier Jutel
wiley +1 more source
The Myths of Blockchain Governance
ABSTRACT Research Question/Issue Blockchain technology promises to revolutionize governance through strong commitments, trustlessness, and transparency. This paper examines how these promises have failed to materialize in practice. Research Findings/Insights Drawing on case evidence from major blockchains, including Bitcoin and Ethereum, I argue that ...
Daniel Ferreira
wiley +1 more source
Golden weapons and golden fetters: From the gold standard to the new geopolitics
Abstract This paper explores the historical relationship between monetary regimes, security concerns, and geopolitical tensions, particularly focusing on the role of gold. Throughout history, monetary systems have been deeply intertwined with international state systems and security provisions.
Harold James
wiley +1 more source
Analysis of the Bitcoin blockchain: socio-economic factors behind the adoption
As the first decentralized digital currency introduced in 2009 together with the blockchain, Bitcoin offers new opportunities both for developed and developing countries.
Francesco Parino +2 more
doaj +1 more source
State‐Dependent Relationship Between Cryptocurrency Returns and Credit Spreads
ABSTRACT This study investigates how overconfident cryptocurrency traders influence the connection between returns and risk premia, proxied by option‐adjusted credit spreads. Using daily data from January 2021 to February 2025, we uncover asymmetry and state dependence: returns decline when spreads widen, particularly during crashes, yet they do not ...
Geul Lee, Doojin Ryu
wiley +1 more source
Price Discovery in Bitcoin ETF Market
ABSTRACT In this study, we explore price discovery across the following three Bitcoin markets: spot, futures, and exchange‐traded funds (ETFs). Employing the fractionally cointegrated vector autoregressive (FCVAR) model, we estimate price discovery in each market using minute‐level price data from October 19, 2021, the launch date of the first US ...
Kiana Kia +4 more
wiley +1 more source
Flight to Bitcoin (in)attention and herding in cryptocurrencies
This 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
doaj +1 more source
Predicting bitcoin returns using high-dimensional technical indicators
There has been much debate about whether returns on financial assets, such as stock returns or commodity returns, are predictable; however, few studies have investigated cryptocurrency return predictability.
Jing-Zhi Huang, William Huang, Jun Ni
doaj +1 more source
An Economic Analysis of Difficulty Adjustment Algorithms in Proof‐of‐Work Blockchain Systems
ABSTRACT We study the stability of cryptocurrency systems through difficulty adjustment. Bitcoin's difficulty adjustment algorithm (DAA) exhibits instability when the reward elasticity of the hash rate is high, implying that a sharp price reduction could disrupt the current Bitcoin system.
Shunya Noda +2 more
wiley +1 more source

