We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Cryptocurrencies: Stylized facts on a new investible instrument.
- Authors
Hu, Albert S.; Parlour, Christine A.; Rajan, Uday
- Abstract
We present stylized facts on the asset pricing properties of cryptocurrencies: summary statistics on cryptocurrency return properties and measures of common variation for secondary market returns on 222 digital coins. In our sample, secondary market returns of all other currencies are strongly correlated with Bitcoin returns. We also provide some investment characteristics of a sample of 64 initial coin offerings.
- Subjects
ELECTRONIC money; CRYPTOCURRENCIES; SECONDARY markets; BITCOIN; COMMONS
- Publication
Financial Management (Wiley-Blackwell), 2019, Vol 48, Issue 4, p1049
- ISSN
0046-3892
- Publication type
Article
- DOI
10.1111/fima.12300