Cryptocurrencies: Stylized facts on a new investible instrument
Year: 2019
Type: article
Abstract: We present stylized facts on the asset pricing properties of cryptocurrencies: summary statistics on cryptocurrency return properties and measures of common variation for secondary market returns on 222 digital coins. In our sample, secondary market returns of all other currencies are strongly correlated with Bitcoin returns. We also provide some investment characteristics of a sample of 64 initial coin offerings.
Source: Financial Management
DOI: 10.1111/fima.12300
Authors: Albert S. Hu, Christine A. Parlour, Uday Rajan
Institutions: University of California, Berkeley, University of Michigan
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2808843567