Cryptofinance and Mechanisms of Exchange

Beschreibung

This book describes how the rapid advancement in encryption and network computing gave birth to new tools and products that have influenced the local and global economy alike. One recent and notable example is the emergence of virtual currencies (such as Bitcoin) also known as cryptocurrencies. Virtual currencies introduced a fundamental transformation that affected the way goods, services and assets are exchanged. As a result of its distributed ledgers based on blockchain, cryptocurrencies not only offer some unique advantages to the economy, investors, and consumers, but also pose considerable risks to users and challenges for regulators when fitting the new technology into the old legal framework. The core of this proposed book is to present and discuss the evidence on financial asset capabilities of virtual currencies. The contributors of this volume analyze several interesting and timely issues such as the particularities of virtual currencies and their statistical characteristics; the diversification benefits of virtual currencies; the behavior and dependence structure between virtual currencies and the financial markets; the economic implications of virtual currencies, their effects, their price risk, and contagion spillovers in a unified and comprehensive framework;  the future of virtual currencies and their distributed ledgers technology.
Comprehensively analyzes the making of virtual currencies, including investment and governance issues and future trends

Provides an in-depth mathematical development of several aspects of virtual currencies such as modelling volatility and modelling the demand for virtual currencies

Combines qualitative and quantitative discussions about virtual currencies

Provides the latest developments and trends on three important axes/aspects involving virtual currencies and Blockchain technology: Investment, Legal and Future trends and prospects

To reinforce key concepts, each chapter ends with a list of discussion questions and a brief discussion of main lessons learned 

Autor*in

Stéphane Goutte

Themen in »Cryptofinance and Mechanisms of Exchange«

Virtual Currencies Bitcoin Blockchain Modeling Volatility Hedging Diversification Price Risk Cybercrime banking quantitative finance

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