Arbeitspapier
The Economics of BitCoin Price Formation
This paper analyses the relationship between BitCoin price and supply-demand fundamentals of BitCoin, global macro-financial indicators and BitCoin’s attractiveness for investors. Using daily data for the period 2009-2014 and applying time-series analytical mechanisms, we find that BitCoin market fundamentals and BitCoin’s attractiveness for investors have a significant impact on BitCoin price. Our estimates do not support previous findings that the macro-financial developments are driving BitCoin price.
- Sprache
-
Englisch
- Erschienen in
-
Series: EERI Research Paper Series ; No. 08/2014
- Klassifikation
-
Wirtschaft
Price Level; Inflation; Deflation
Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems
Asset Pricing; Trading Volume; Bond Interest Rates
- Thema
-
BitCoin
exchange rate
supply-demand fundamentals
financial indicators
attractiveness
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Ciaian, Pavel
Rajcaniova, Miroslava
Kancs, d'Artis
- Ereignis
-
Veröffentlichung
- (wer)
-
Economics and Econometrics Research Institute (EERI)
- (wo)
-
Brussels
- (wann)
-
2014
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Ciaian, Pavel
- Rajcaniova, Miroslava
- Kancs, d'Artis
- Economics and Econometrics Research Institute (EERI)
Entstanden
- 2014
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