Bitcoin: Exchange Rate Parity, Risk Premium, and Arbitrage Stickiness
Huijian Dong & Weiguo Dong · Journal of Economics, Management and Trade · 2014
Bitcoin has two major roles: as currency and as financial asset. This paper attempts to address these roles: whether Bitcoin is a real currency, and what its financial features are. Using daily data of the exchange rates quoted from the world major Bitcoin dealer since the incept...
Open access
Research Article
10.9734/BJEMT/2015/13308