Cryptofinance and Mechanisms of Exchange - The Making of Virtual Currency (Paperback, 1st ed. 2019)

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.

General

Imprint:	Springer Nature Switzerland AG
Country of origin:	Switzerland
Series:	Contributions to Management Science
Release date:	August 2021
First published:	2019
Editors:	Stephane Goutte • Khaled Guesmi • Samir Saadi
Dimensions:	235 x 155mm (L x W)
Format:	Paperback
Pages:	198
Edition:	1st ed. 2019
ISBN-13:	978-3-03-030740-0
Categories:	Books > Business & Economics > Economics > Macroeconomics > Monetary economics Books > Business & Economics > Finance & accounting > Finance > Corporate finance Books > Business & Economics > Finance & accounting > Finance > Banking Books > Money & Finance > Banking Books > Money & Finance > Corporate finance
LSN:	3-03-030740-9
Barcode:	9783030307400

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