Semi-strong efficiency of Bitcoin
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comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
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https://doi.org/10.1016/j.frl.2018.03.013 |
Metadata
Title
Semi-strong efficiency of BitcoinDate
2018-12Publisher
ElsevierBibliographic citation
VIDAL TOMÁS, David; IBÁÑEZ ESCRIBANO, Ana María (2018). Semi-strong efficiency of Bitcoin. Finance Research Letters, v. 27, p. 259-265Type
info:eu-repo/semantics/articlePublisher version
https://www.sciencedirect.com/science/article/pii/S1544612318300461Version
info:eu-repo/semantics/publishedVersionSubject
Abstract
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 ... [+]
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. [-]
Investigation project
Spanish Ministry of Education (grant number FPU2015/01434).Rights
http://rightsstatements.org/vocab/CNE/1.0/
info:eu-repo/semantics/restrictedAccess
info:eu-repo/semantics/restrictedAccess
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- ECO_Articles [692]