Autori
Vogiazas, SofoklisAlexiou, ConstantinosTitolo
Bitcoin: The Road to Hell Is Paved With Good PromisesPeriodico
Economic notesAnno:
2019 - Volume:
48 - Fascicolo:
1 - Pagina iniziale:
12119 - Pagina finale:
12119In this paper, by using econometric techniques we provide evidence that bitcoin exhibited the formation of speculative bubble in 2017. To conceptually rationalize the results, we delve into the extant theoretical approaches developed by Kindleberger's (1978) speculative bubbles and Minsky's (1992) financial instability hypothesis. Certainly, bitcoin has spurred a revolution in payment technology that, if treated cautiously can facilitate financial intermediation and inclusion. Ultimately, whether or not bitcoin constitutes a bubble is a decision for investors as the road to hell is paved with good promises.
SICI: 0391-5026(2019)48:1<12119:BTRTHI>2.0.ZU;2-X
Testo completo:
https://onlinelibrary.wiley.com/doi/10.1111/ecno.12119Esportazione dati in Refworks (solo per utenti abilitati)
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