Search results for "risk-return trade-off"

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The effect of the launch of bitcoin futures on the cryptocurrency market: an economic efficiency approach

2021

We analyze the economic efficiency of the cryptocurrency market after the launch of Bitcoin futures by means of the Data Envelopment Analysis and Malmquist Indexes. Our results show that the introduction of Bitcoin futures did not affect the economic efficiency of the cryptocurrency market. However, we observe that Bitcoin obtained the highest risk-return trade-off due to its liquidity compared to the rest of cryptocurrencies. Therefore, our paper underlines the support of investors on Bitcoin to the detriment of the rest of cryptocurrencies.

Economic efficiencyCryptocurrency050208 financeGeneral Mathematicslcsh:Mathematics05 social sciencesUNESCO::CIENCIAS ECONÓMICASMonetary economicslcsh:QA1-939risk-return trade-off:CIENCIAS ECONÓMICAS [UNESCO]Market liquiditymalmquist indexcryptocurrencyeconomic efficiencydeaRest (finance)0502 economics and businessComputer Science (miscellaneous)Data envelopment analysisEconomics050207 economicsEngineering (miscellaneous)Futures contractMalmquist index

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PEPhysical Sciences and Engineering
- PE2Fundamental Constituents of Matter
  - PE2_1Theory of fundamental interactions
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LSLife Sciences
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  - LS4_1Organ and tissue physiology and pathophysiology
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  - LS4_5Non-hormonal mechanisms of inter-organ and tissue communication
  - LS4_6Microbiome and host physiology
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  - LS3_8Embryogenesis, pattern formation, morphogenesis
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  - LS3_1Cell cycle, cell division and growth
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- LS5Neuroscience and Disorders of the Nervous System
  - LS5_1Neuronal cells
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SHSocial Sciences and Humanities
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