The Price of Processing: Information Frictions and Market Efficiency in DeFi
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DOI: 10.59576/sr.1153
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References listed on IDEAS
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More about this item
Keywords
information asymmetry; price discovery; common knowledge; information processing costs; market microstructure; event study; high-frequency data; cryptocurrency; DeFi; cybersecurity hacks; market efficiency;All these keywords.
JEL classification:
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
- G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
- G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
- G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
- L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
NEP fields
This paper has been announced in the following NEP Reports:- NEP-MST-2025-05-12 (Market Microstructure)
- NEP-PAY-2025-05-12 (Payment Systems and Financial Technology)
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