Ver ítem 

Mostrar el registro sencillo del ítem

Título
The drivers of Bitcoin demand: A short and long-run analysis
dc.contributor.authorHorra Ruiz, Luis Pablo de la 
dc.contributor.authorFuente Herrero, Gabriel de la 
dc.contributor.authorPerote, Javier
dc.date.accessioned2025-01-11T18:45:18Z
dc.date.available2025-01-11T18:45:18Z
dc.date.issued2019
dc.identifier.citationInternational Review of Financial Analysis, 2019, vol. 62, n. 2, p. 21-34es
dc.identifier.issn1057-5219es
dc.identifier.urihttps://uvadoc.uva.es/handle/10324/73703
dc.descriptionProducción Científicaes
dc.description.abstractSince 2010, Bitcoin has shown high price volatility, spurring a debate regarding the underlying reasons that lead economic agents to demand it. This paper analyzes the demand for Bitcoin in order to determine whether it stems from Bitcoin's utility as a medium of exchange, a speculative asset, or as a safe-haven commodity. We examine Bitcoin from a monetary-theory perspective and build a demand model that explores both the long-term and short-term relationships among variables. Our findings show that Bitcoin behaves as a speculative asset in the short term. In the long term, however, speculation does not seem to influence demand for Bitcoin. Instead, demand might be driven by expectations regarding Bitcoin's future utility as a medium of exchange.es
dc.format.mimetypeapplication/pdfes
dc.language.isoenges
dc.publisherElsevieres
dc.rights.accessRightsinfo:eu-repo/semantics/restrictedAccesses
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subject.classificationBitcoin demandes
dc.subject.classificationMedium of exchangees
dc.subject.classificationSpeculative assetes
dc.subject.classificationSafe havenes
dc.subject.classificationBitcoin standardes
dc.titleThe drivers of Bitcoin demand: A short and long-run analysises
dc.typeinfo:eu-repo/semantics/articlees
dc.rights.holderElsevier Inces
dc.identifier.doi10.1016/j.irfa.2019.01.006es
dc.relation.publisherversionhttps://www.sciencedirect.com/science/article/pii/S1057521918307208es
dc.identifier.publicationfirstpage21es
dc.identifier.publicationlastpage34es
dc.identifier.publicationtitleInternational Review of Financial Analysises
dc.identifier.publicationvolume62es
dc.peerreviewedSIes
dc.description.projectSpanish Ministry of Economy, Industry, and Competitiveness (ECO2017-84864-P, ECO2016-75631-P)es
dc.rightsAtribución-NoComercial-SinDerivados 4.0 Internacional*
dc.type.hasVersioninfo:eu-repo/semantics/acceptedVersiones
dc.subject.unesco5312.06 Finanzas y Seguroses


Ficheros en el ítem

Thumbnail
Nombre:
accepted version.pdf
Tamaño:
995.1Kb
Formato:
PDF
Descripción:
Accepted version
Visualizar/Abrir

Este ítem aparece en la(s) siguiente(s) colección(ones)

Mostrar el registro sencillo del ítem