Semi-strong efficiency of Bitcoin
Metadatos
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https://doi.org/10.1016/j.frl.2018.03.013 |
Metadatos
Título
Semi-strong efficiency of BitcoinFecha de publicación
2018-12Editor
ElsevierCita bibliográfica
VIDAL TOMÁS, David; IBÁÑEZ ESCRIBANO, Ana María (2018). Semi-strong efficiency of Bitcoin. Finance Research Letters, v. 27, p. 259-265Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
https://www.sciencedirect.com/science/article/pii/S1544612318300461Versión
info:eu-repo/semantics/publishedVersionPalabras clave / Materias
Resumen
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. [-]
Proyecto de investigación
Spanish Ministry of Education (grant number FPU2015/01434).Derechos de acceso
http://rightsstatements.org/vocab/CNE/1.0/
info:eu-repo/semantics/restrictedAccess
info:eu-repo/semantics/restrictedAccess
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