Please use this identifier to cite or link to this item:
https://hdl.handle.net/10316/88711
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Sebastião, Helder | - |
dc.contributor.author | Godinho, Pedro | - |
dc.date.accessioned | 2020-01-21T17:22:43Z | - |
dc.date.available | 2020-01-21T17:22:43Z | - |
dc.date.issued | 2020-01-21 | - |
dc.identifier.uri | https://hdl.handle.net/10316/88711 | - |
dc.description.abstract | We examine the long- and short-run relationships between USD/EUR official rates and implicit exchange rates, through Bitcoin as a currency vehicle, over the period from March 07, 2016 to November 22, 2019. The results show that the two exchange rates are cointegrated and that the cointegrating vector is not statistically different from the theoretical one that results from the law of one price. In the short-run, the implied rate Granger-causes the official reference rate. Our main conclusion is that Bitcoin USD and EUR prices incorporate fundamental information from the USD/EUR official exchange rate | pt |
dc.language.iso | eng | pt |
dc.relation.ispartofseries | CeBER Working Paper 2020-02; | - |
dc.rights | openAccess | pt |
dc.subject | Bitcoin, USD/EUR, Exchange rates, Cointegration, Forecasting | pt |
dc.title | The Relationship Between USD/EUR Official Exchange Rates And Implied Exchange Rates From The Bitcoin Market | pt |
dc.type | workingPaper | - |
degois.publication.title | CeBER Working Paper | pt |
dc.peerreviewed | yes | pt |
dc.date.embargo | 2020-01-21 | * |
uc.date.periodoEmbargo | 0 | pt |
item.fulltext | Com Texto completo | - |
item.grantfulltext | open | - |
item.languageiso639-1 | en | - |
item.cerifentitytype | Publications | - |
item.openairetype | workingPaper | - |
item.openairecristype | http://purl.org/coar/resource_type/c_18cf | - |
crisitem.author.researchunit | Group for Monetary and Financial Studies | - |
crisitem.author.researchunit | CeBER – Centre for Business and Economics Research | - |
crisitem.author.researchunit | CeBER – Centre for Business and Economics Research | - |
crisitem.author.orcid | 0000-0002-1743-6869 | - |
crisitem.author.orcid | 0000-0003-2247-7101 | - |
Appears in Collections: | I&D CeBER - Working Papers |
Files in This Item:
File | Description | Size | Format | |
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WP-CeBER_2020_02.pdf | 308.48 kB | Adobe PDF | View/Open |
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