Cryptocurrencies and stablecoins: a high-frequency analysis-Reference-Cited by-同舟云学术

Cryptocurrencies and stablecoins: a high-frequency analysis

Published:2022-08-08 Issue:2-3 Volume:4 Page:217-239
ISSN:2524-6984
Container-title:Digital Finance
language:en
Short-container-title:Digit Finance

Author:

Barucci Emilio,Moncayo Giancarlo Giuffra,Marazzina Daniele^ORCID

Abstract

AbstractWe analyze cryptoasset markets (cryptocurrencies and stablecoins) at high frequency. We investigate intraday patterns. We show that Tether plays a crucial role as a safe haven and/or store of value facilitating trading in cryptocurrencies without going through traditional currencies. Markets centered on cryptocurrencies and stablecoins play a primary role aggregating preference/technology shocks and heterogeneous opinions, instead markets centered on the US dollar play a marginal role on price formation.

Funder

Politecnico di Milano

Publisher

Springer Science and Business Media LLC

Subject

General Engineering

Link

https://link.springer.com/content/pdf/10.1007/s42521-022-00055-9.pdf

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