IDEAS home Printed from https://ideas.repec.org/a/bla/finmgt/v48y2019i4p1049-1068.html
   My bibliography  Save this article

Cryptocurrencies: Stylized facts on a new investible instrument

Author

Listed:
  • Albert S. Hu
  • Christine A. Parlour
  • Uday Rajan

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.

Suggested Citation

  • Albert S. Hu & Christine A. Parlour & Uday Rajan, 2019. "Cryptocurrencies: Stylized facts on a new investible instrument," Financial Management, Financial Management Association International, vol. 48(4), pages 1049-1068, December.
    • Handle: RePEc:bla:finmgt:v:48:y:2019:i:4:p:1049-1068
    DOI: 10.1111/fima.12300
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/fima.12300
    Download Restriction: no
    File URL: https://libkey.io/10.1111/fima.12300?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:finmgt:v:48:y:2019:i:4:p:1049-1068. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/fmaaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.