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:
INVESTIGACIONMetadades
Títol
The Effect of the Launch of Bitcoin Futures on the Cryptocurrency Market: An Economic Efficiency ApproachData de publicació
2021-02-02Editor
Multidisciplinary Digital Publishing InstituteISSN
2227-7390Cita bibliogràfica
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.Tipus de document
info:eu-repo/semantics/articleVersió de l'editorial
https://www.mdpi.com/2227-7390/9/4/413Versió
info:eu-repo/semantics/publishedVersionParaules clau / Matèries
Resum
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. [-]
Drets d'accés
info:eu-repo/semantics/openAccess
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