Please use this identifier to cite or link to this item:
https://hdl.handle.net/10316/88797| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Sebastião, Helder | - |
| dc.contributor.author | Godinho, Pedro | - |
| dc.date.accessioned | 2020-02-06T12:11:46Z | - |
| dc.date.available | 2020-02-06T12:11:46Z | - |
| dc.date.issued | 2019-07-04 | - |
| dc.identifier.uri | https://hdl.handle.net/10316/88797 | - |
| dc.description.abstract | In December 2017, the CBOE and CME launched bitcoin futures, arguing that, similar to other futures, these contracts would provide more price transparency, price discovery, and a risk management tool for bitcoin. Using daily data from several sources, this paper investigates the hedging properties of CBOE Bitcoin futures during these initial months of trading. The results point out that bitcoin futures are effective hedging instruments not only for bitcoin, but also for other cryptocurrencies. Bitcoin futures can even cope with bitcoin tail risk, however they may leverage the existence of extreme losses for other currencies. | pt |
| dc.language.iso | eng | pt |
| dc.publisher | Elsevier | pt |
| dc.rights | embargoedAccess | pt |
| dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/ | pt |
| dc.subject | Bitcoin; Cryptocurrency; Futures; Hedging | pt |
| dc.title | Bitcoin futures: An effective tool for hedging cryptocurrencies | pt |
| dc.type | article | - |
| degois.publication.title | Finance Research Letters | pt |
| dc.peerreviewed | yes | pt |
| dc.identifier.doi | 10.1016/j.frl.2019.07.003 | pt |
| dc.date.embargo | 2021-07-03 | * |
| uc.date.periodoEmbargo | 730 | pt |
| item.grantfulltext | open | - |
| item.openairecristype | http://purl.org/coar/resource_type/c_18cf | - |
| item.fulltext | Com Texto completo | - |
| item.openairetype | article | - |
| item.cerifentitytype | Publications | - |
| item.languageiso639-1 | en | - |
| 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 - Artigos em Revistas Internacionais | |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| Hedging with XBT_final.pdf | pdf_Bitcoin futures: An effective tool for hedging cryptocurrencies | 348.87 kB | Adobe PDF | View/Open |
This item is licensed under a Creative Commons License
