Price discovery of cryptocurrencies: Bitcoin and beyond

【Author】 Brauneis, Alexander; Mestel, Roland

【Source】ECONOMICS LETTERS

【影响因子】1.469

【Abstract】Academic research on cryptocurrencies is almost exclusively directed towards Bitcoin. We extend existing literature by performing various tests on efficiency of several cryptocurrencies and additionally link efficiency to measures of liquidity. Cryptocurrencies become less predictable / inefficient as liquidity increases. (C) 2018 Elsevier B.V. All rights reserved.

【Keywords】Cryptocurrencies; (in-)efficiency; Price discovery; Liquidity

【发表时间】2018 APR

【收录时间】2022-01-02

【文献类型】

【主题类别】

--