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PRICE FORMATION IN THE CRYPTOCURRENCY MARKET. A HYPOTHESES DRIVEN ECONOMETRIC ANALYSIS OF CRYPTOCURRENCY PRICE DETERMINANTS
Cryptocurrencies have become one of the hottest topics in finance in recent years. Despite their fascinating appeal to the general public, the understanding of the price formation process of blockchain-based cryptocurrencies is still limited. This thesis analyzes factors influencing the price of the...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[S.l.] :
DIPLOMICA VERLAG,
2019.
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| Colección: | Alternative Investments.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Price formation in the cryptocurrency market. A hypotheses driven econometric analysis of cryptocurrency price determinants
- Abstract
- Contents
- List of Figures
- List of Tables
- List of Abbreviations
- List of Symbols
- 1. Introduction
- 2. A brief Overview of Cryptocurrencies
- 2.1. Double-spending, blockchain, ledger protection, and mining
- 2.2. Stylized facts
- the current state of cryptocurrencies
- 3. Literature Review
- 3.1. The four fields of research
- 3.2. Asset or currency?
- 3.3. Dynamics of cryptocurrency exchange rates
- 4. Hypotheses Development
- 4.1. Classical market forces of supply and demand
- 4.2. Public attention
- 4.3. Dominance in the cryptocurrency market
- 4.4. Technological factors
- 4.5. Macroeconomic development
- 5. Data and Methodology
- 5.1. Cryptocurrency selection procedure
- 5.2. Variables, interpolation and descriptive statistics
- 5.3. Econometric approach
- 5.4. Transformation, unit-root test, cointegration, and model definition
- 6. Empirical Results and Discussion
- 6.1. Results for model (m1)
- 6.2. Results for model (m2)
- 6.3. Results for model (m3)
- 6.4. Results for model (m4)
- 6.5. Summary of results for all models
- 7. Conclusion
- Literature
- A. Descriptive Statistics