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Cryptofinance and Mechanisms of Exchange

The Making of Virtual Currency

  • Stéphane Goutte
  • Khaled Guesmi
  • Samir Saadi
Book

Part of the Contributions to Management Science book series (MANAGEMENT SC.)

Table of contents

  1. Front Matter
    Pages i-x
  2. Sinan Krückeberg, Peter Scholz
    Pages 1-28
  3. Sondes Mbarek, Donia Trabelsi, Michel Berne
    Pages 29-50
  4. Vikrant Gandotra, François-Éric Racicot, Alireza Rahimzadeh
    Pages 51-67
  5. Margaret Ryznar
    Pages 69-75
  6. Usman W. Chohan
    Pages 77-89
  7. Othalia Doe-Bruce
    Pages 91-111
  8. Ralf Wandmacher
    Pages 113-123
  9. Chen Liu, Haoquan Wang
    Pages 125-144
  10. Haifa Amairi, Boushra El Haj Hassan, Ahlem Zantour
    Pages 179-192
  11. Back Matter
    Pages 193-198

About this book

Introduction

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.

Keywords

Virtual Currencies Bitcoin Blockchain Modeling Volatility Hedging Diversification Price Risk Cybercrime

Editors and affiliations

  • Stéphane Goutte
    • 1
  • Khaled Guesmi
    • 2
  • Samir Saadi
    • 3
  1. 1.CEMOTEV, University Paris-SaclayVersaillesFrance
  2. 2.IPAG Business SchoolParisFrance
  3. 3.Telfer School of ManagementUniversity of OttawaOttawaCanada

Bibliographic information

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