کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
963818 | 1479111 | 2015 | 18 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Price discovery on Bitcoin exchanges
ترجمه فارسی عنوان
کشف قیمت در مبادلات پول بی پشتوانه
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کلمات کلیدی
پول بی پشتوانه. کشف قیمت؛ سهم اطلاعات
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
چکیده انگلیسی
• Bitcoin is traded at several exchanges.
• We study the Bitcoin price discovery at these exchanges.
• The market leaders with the highest information share are Mt.Gox and BTC-e.
• The information share is dynamic and displays significant variation over time.
Bitcoin is an open source peer-to-peer electronic money and payment system. It is traded at several exchanges and high-frequency trade data are publicly available. We study the contributions of Bitcoin exchanges to price discovery. Our results show that Mt.Gox and BTC-e are the market leaders with the highest information share. Our analysis further suggests that information share is dynamic and evolves significantly over time.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of International Financial Markets, Institutions and Money - Volume 36, May 2015, Pages 18–35
Journal: Journal of International Financial Markets, Institutions and Money - Volume 36, May 2015, Pages 18–35
نویسندگان
Morten Brandvold, Peter Molnár, Kristian Vagstad, Ole Christian Andreas Valstad,