Listar por autoría "6f90411f-85e5-46af-80d6-9333e03ae2a8"
Mostrando ítems 1-19 de 19
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A Cross-Sectional Analysis of Growth and Profit Rate Distribution: The Spanish Case
MDPI (2022-03-14)We analyse the time evolution of the empirical cross-sectional distribution of firms’ profit and growth rates. In particular, we analyse the conditional properties of the empirical distributions depending on the size of ... -
An agent-based early warning indicator for financial market instability
Springer (2019-11-21)Inspired by the Bank of America Merrill Lynch global breath rule, we propose an investor sentiment index based on the collective movement of stock prices in a given market. We show that the time evolution of the sentiment ...
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Anatomy of a Stablecoin’s failure: The Terra-Luna case
Elsevier (2023)We quantitatively describe the main events that led to the Terra project’s failure in May 2022. We first review, in a systematic way, news from heterogeneous social media sources; we discuss the fragility of the Terra ... -
Blockchain, sport and fan tokens
Emerald (2023-04-28)Purpose This paper provides a thorough examination of Socios.com, a blockchain platform that integrates token sales with the fan experience in the sports industry. The study focuses on three key aspects: the performance, ...
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Empresas granulares y desagregación regional: un análisis del caso español
Universidad de Almería (2019)Following the approach proposed by Gabaix (2011), this paper aims to assess the existence of granularity in the business cycle fluctuations of the following Spanish regions: the Community of Madrid, Catalonia, the Basque ...
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FTX’s downfall and Binance’s consolidation: The fragility of centralised digital finance
Elsevier ScienceDirect (2023-07-16)This paper investigates the causes and the consequences of the FTX digital currency exchange’s failure in November 2022. Analysing on-chain data, we report that FTX heavily relied on leveraging and misusing its native ...
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Herding in the cryptocurrency market: CSSD and CSAD approaches
Elsevier (2018-09-22)We analyse the existence of herding in the cryptocurrency market through the cross-sectional standard (absolute) deviation of returns. Our results show that extreme dispersion of returns is explained by rational asset ...
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On the determination of the granular size of the economy
Elsevier (2018-12)Introducing the granular hypothesis, Gabaix (2011) shows that the idiosyncratic shocks of a few “granular” firms account for a significant fraction of aggregate fluctuations of the US business cycle. In ...
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Semi-strong efficiency of Bitcoin
Elsevier (2018-12)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 ...
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The day after tomorrow: financial repercussions of COVID-19 on systemic risk
Springer (2022)In this paper, we study the financial repercussions of COVID-19 and the effect of anti-epidemic measures on financial markets. By using a composite dataset con- taining stock market indices of 10 countries characterized ...
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The desertion of rich countries and the mutual support of the poor ones: preferential lending agreements among the PIGS
Elsevier (2019-08-09)By using the BIS data, we analyze the evolution of credit relationships among banks of the Euro-zone during the pre-crisis period (2006Q1–2007Q4), the global financial crisis (2008Q1–2010Q4) and the debt sovereign crisis ...
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The Effect of the Launch of Bitcoin Futures on the Cryptocurrency Market: An Economic Efficiency Approach
Multidisciplinary Digital Publishing Institute (2021-02-02)We analyze the economic efficiency of the cryptocurrency market after the launch of Bitcoin futures by means of the Data Envelopment Analysis and Malmquist Indexes. Our results show that the introduction of Bitcoin futures ...
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The entry and exit dynamics of the cryptocurrency market
Elsevier (2021-08-05)This paper presents an analysis of the entry and exit dynamics of the cryptocurrency market that focuses on the growth of initial coin offerings during 2015–2020. We used two different datasets: one includes long-lived ...
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The illusion of the metaverse and meta-economy
Elsevier (2023-02-07)This paper provides (i) a review of the existing literature on the metaverse and (ii) an empirical assessment of the current state of the Web3 meta-economy, with the focus on economic governance and metaverse commerce. We ...
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The macroeconomic effects of default and debt restructuring: An agent based exploration
Elsevier (2021-08-20)In this paper we investigate the economic impact of bank reactions to firm financial delinquency. In case of firm liquidity shortage, indeed, the bank commonly proposes two different solutions of debt restructuring to help ...
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The new crypto niche: NFTs, play-to-earn, and metaverse tokens
(2022)The combination of blockchain technologies and the gaming industry has given rise to metaverses and play-to-earn games, which incorporate their own economy, commerce, and cur- rencies, namely, metaverse and play-to-earn ...
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Transitions in the cryptocurrency market during the COVID-19 pandemic: A network analysis
Elsevier (2021-02-17)In this letter, we identify the transitions of the cryptocurrency market during the pandemic by means of a network analysis. This method allows us to observe that COVID-19 significantly affected cryptocurrencies during a ...
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Which cryptocurrency data sources should scholars use?
Elsevier (2022-02-16)Inspired by Alexander and Dakos (2020), we shed more light on the adequacy of data in the cryptocurrency literature by analysing the scaling properties and underlying processes of the main cryptocurrency databases ...
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Who raised from the abyss? A comparison between cryptocurrency and stock market dynamics during the COVID-19 pandemic
Elsevier (2021-02-01)This research examines the behaviour of cryptocurrencies and stock markets during the COVID-19 pandemic through the wavelet coherence approach and Markov switching autoregressive model. Our results show a financial contagion ...
