Cryptocurrency market microstructure: a systematic literature review

J Almeida, TC Gonçalves - Annals of Operations Research, 2024 - Springer
This study contributes to the unconsolidated cryptocurrency literature, with a systematic
literature review focused on cryptocurrency market microstructure. We searched Web of …

Cryptocurrency in context of fiat money functions

L Levulytė, A Šapkauskienė - The Quarterly Review of Economics and …, 2021 - Elsevier
The purpose of this paper is to investigate the ability of cryptocurrencies to fulfill three main
money functions: medium of exchange, a unit of account, and store of value by applying a …

The impact of bitcoin on gold, the volatility index (VIX), and dollar index (USDX): analysis based on VAR, SVAR, and wavelet coherence

F Aliu, A Asllani, S Hašková - Studies in Economics and Finance, 2024 - emerald.com
Purpose Since 2008, bitcoin has continued to attract investors due to its growing
capitalization and opportunity for speculation. The purpose of this paper is to analyze the …

Analysis of diversification benefits for cryptocurrency portfolios before and during the COVID-19 pandemic

F Aliu, U Bajra, N Preniqi - Studies in Economics and Finance, 2022 - emerald.com
Purpose This study aims to investigate the diversification benefits attached to the crypto
portfolios when combined with stocks, Forex instruments and commodity assets …

[HTML][HTML] Decentralized and centralized exchanges: Which digital tokens pose a greater contagion risk?

I Yousaf, A Abrar, L Yarovaya - Journal of International Financial Markets …, 2023 - Elsevier
This study explores the impact of trading activity on both centralized exchanges (CEXs) and
decentralized exchanges (DEXs) on information transmission patterns between digital and …

Risks of decentralized finance and their potential negative effects on capital markets: the Terra-Luna case

V Santiago, M Charifzadeh… - Studies in Economics and …, 2024 - emerald.com
Purpose This study aims to investigate the impact of the 2022 collapse of the Terra-Luna
ecosystem on volatility correlations among digital assets, including US Terra, Luna, Bitcoin …

Making informed decisions in the volatile crypto market: an analysis of portfolio risk and return

A Nuhiu, F Aliu, J Horák, B Peci - SAGE Open, 2023 - journals.sagepub.com
Despite widespread skepticism linked to cryptocurrencies, they are constantly gaining the
interest of scholars, investors, media, and regulators. Recognizing the importance that …

Currency substitution in a world of looming retail CBDCs: Suggestive currency substitution-based evidence

H Chen, PL Siklos - Journal of International Financial Markets, Institutions …, 2023 - Elsevier
Digitalization, spurred by the pandemic, has accelerated plans by many central banks to
introduce retail digital currencies (rCBDCs). If international coordination eventually allows …

Bitcoin's value proposition: shorting expansionary monetary policies

T Morillon - Studies in Economics and Finance, 2022 - emerald.com
Purpose Professionals and academics alike hold polarized opinions about Bitcoin's purpose
and its fundamental value. This paper aims to describe Bitcoin's unique features that make it …

Exploring the relationship between digital trails of social signals and bitcoin returns

T Yelkenci, B Dobrucalı Yelkenci, G Vardar… - Studies in Economics …, 2024 - emerald.com
Purpose This study aims to empirically investigate the linkages between digital trails of
social signals (content and profile features of bitcoin-related tweets) and bitcoin price return …