The Effect of the Launch of Bitcoin Futures on the Cryptocurrency Market: An Economic Efficiency Approach
comunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
comunitat-uji-handle4:
INVESTIGACIONMetadatos
Título
The Effect of the Launch of Bitcoin Futures on the Cryptocurrency Market: An Economic Efficiency ApproachFecha de publicación
2021-02-02Editor
Multidisciplinary Digital Publishing InstituteISSN
2227-7390Cita bibliográfica
Vidal-Tomás, D.; Ibáñez, A.M.; Farinós, J.E. The Effect of the Launch of Bitcoin Futures on the Cryptocurrency Market: An Economic Efficiency Approach. Mathematics 2021, 9, 413.Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
https://www.mdpi.com/2227-7390/9/4/413Versión
info:eu-repo/semantics/publishedVersionPalabras clave / Materias
Resumen
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 ... [+]
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 did not affect the economic efficiency of the cryptocurrency market.
However, we observe that Bitcoin obtained the highest risk-return trade-off due to its liquidity
compared to the rest of cryptocurrencies. Therefore, our paper underlines the support of investors on
Bitcoin to the detriment of the rest of cryptocurrencies. [-]
Derechos de acceso
info:eu-repo/semantics/openAccess
Aparece en las colecciones
- ECO_Articles [693]
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