2024-03-29T01:59:20Zhttps://repositori.uji.es/oai/requestoai:repositori.uji.es:10234/1818352023-07-20T08:10:39Zcom_10234_8643com_10234_9col_10234_8644
Repositori UJI
author
Vidal-Tomás, David
author
Ibáñez Escribano, Ana María
2019-03-13T08:40:53Z
2019-03-13T08:40:53Z
2018-12
VIDAL TOMÁS, David; IBÁÑEZ ESCRIBANO, Ana María (2018). Semi-strong efficiency of Bitcoin. Finance Research Letters, v. 27, p. 259-265
http://hdl.handle.net/10234/181835
https://doi.org/10.1016/j.frl.2018.03.013
This research examines the semi-strong efficiency of Bitcoin in the Bitstamp and Mt.Gox markets, showing how the digital currency responds to monetary policy and Bitcoin events. On the one hand, we observe that Bitcoin has become more efficient over time in relation to its own events. On the other hand, Bitcoin is not affected by monetary policy news, highlighting the absence of any kind of control on Bitcoin. These findings are relevant for investors and policymakers since Bitcoin is a financial asset without any connection to the measures of central banks.
eng
Bitcoin
Market efficiency
Semi-strong efficiency
Central banks
Semi-strong efficiency of Bitcoin
info:eu-repo/semantics/article
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