Please use this identifier to cite or link to this item:
https://hdl.handle.net/10316/106672| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Duarte, António Manuel Portugal | - |
| dc.contributor.author | Murta, Fátima Teresa Sol | - |
| dc.contributor.author | Silva, Nuno Baetas da | - |
| dc.contributor.author | Vieira, Beatriz Rodrigues | - |
| dc.date.accessioned | 2023-04-14T14:17:05Z | - |
| dc.date.available | 2023-04-14T14:17:05Z | - |
| dc.date.issued | 2023-03-07 | - |
| dc.identifier.uri | https://hdl.handle.net/10316/106672 | - |
| dc.description.abstract | This paper analysis and compares the volatility of seven cryptocurrencies – Bitcoin, Dogecoin, Ethereum, BitcoinCash, Ripple, Stellar and Litecoin – to the volatility of seven centralized currencies – Yuan, Yen, Canadian Dollar, Brazilian Real, Swiss Franc, Euro and British Pound. We estimate GARCH models to analyze their volatility. The results point to a considerably high volatility of cryptocurrencies when compared to that of centralized currencies. Therefore, we conclude that cryptocurrencies still fall far short of fulfilling all the requirements to be considered as a currency, specifically regarding the functions of store of value and unit of account. | pt |
| dc.language.iso | eng | pt |
| dc.publisher | CeBER working Paper | pt |
| dc.relation.ispartofseries | CeBER Working Paper 2022-02; | - |
| dc.rights | openAccess | pt |
| dc.subject | Centralized currencies, cryptocurrencies; GARCH models; volatility | pt |
| dc.title | Flip the coin: Heads, tails or cryptocurrencies? | pt |
| dc.type | workingPaper | pt |
| degois.publication.location | https://www.uc.pt/en/uid/ceber/working-paper?key=8c2e3593 | pt |
| degois.publication.title | CeBER Working Paper | pt |
| dc.peerreviewed | yes | pt |
| dc.date.embargo | 2023-03-07 | * |
| dc.date.periodoembargo | 0 | pt |
| uc.date.periodoEmbargo | 0 | pt |
| item.grantfulltext | open | - |
| item.cerifentitytype | Publications | - |
| item.languageiso639-1 | en | - |
| item.openairetype | workingPaper | - |
| item.openairecristype | http://purl.org/coar/resource_type/c_18cf | - |
| item.fulltext | Com Texto completo | - |
| 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 | 0000-0002-5388-0051 | - |
| crisitem.author.orcid | 0000-0001-7652-7405 | - |
| Appears in Collections: | I&D CeBER - Working Papers | |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| wp-ceber-2023-2.pdf | Flip the coin: Heads, tails or cryptocurrencies? | 655.8 kB | Adobe PDF | View/Open |
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