Search Results - subject_exact:"Bitcoin"

The impact of gold, silver, and Bitcoin volatility on banking systemic risk : safe-haven or amplifier?

Chakroun, Mohamed Amin; Abidli, Faten - 2026

This study examines the dynamic interactions between precious metals (gold and silver) and cryptocurrencies (Bitcoin) in the context of banking systemic risk, by identifying the main banking factors of systemic vulnerability. The MES method was employed to estimate systemic risk, the DCC-GARCH...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015676668

Stablecoin and Bitcoin as macro-financial instruments : evidence from the Brazilian digital asset market

Carvalho, Rubens Moura de; Viana, Cledilson - 2026

This study examines whether stablecoin and Bitcoin transaction volumes in Brazil are associated with domestic macroeconomic conditions. Using monthly data from August 2019 to December 2025, the analysis compares the association of domestic economic activity, proxied by the IBCBr, and the BRLUSD...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016064397

Bitcoin price direction forecasting and market variables

Kim, Taegyum; Jo, Hyeontae; Choi, Woohyuk; Jang, Bong-Gyu - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015464902

Bitcoin return dynamics volatility and time series forecasting

Anand, Punit; Sharan, Anand Mohan - 2025

Bitcoin and other cryptocurrency returns show higher volatility than equity, bond, and other asset classes. Increasingly, researchers rely on machine learning techniques to forecast returns, where different machine learning algorithms reduce the forecasting errors in a high-volatility regime. We...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015433952

Is Bitcoin a safe-haven asset during U.S. presidential transitions? : a time-varying analysis of asset correlations

Pathairat Pastpipatkul; Htwe Ko - 2025

Amid the growing debate over how cryptocurrencies are reshaping global finance, this study explores the nexus between Bitcoin, Brent Crude Oil, Gold and the U.S. Dollar Index. We used a time-varying vector autoregressive (tvVAR) model to examine the connection among these four assets during the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015457569

Heterogeneity, jumps and co-movements in transmission of volatility spillovers among cryptocurrencies

Gillas, Konstantinos Gkillas; Tantoula, Maria; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015462696

Does bitcoin add to risk diversification of alternative investment fund portfolio?

Sharma, Manu - 2025

Venture capital investment and hedge fund investment are two asset classes of alternative investment fund portfolios. The purpose of this study was to determine whether the digital currency named bitcoin truly adds to diversification in an alternative investment fund portfolio. Vector auto...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015584548

Assessing the question of whether Bitcoin Is a currency or an asset in terms of its monetary role

Martínez Raya, Antonio; Segura-de-la-Cal, Alejandro; … - 2025

Since its launch in 2009, Bitcoin has become a market disruptor due to its primary function as a virtual currency supported by blockchain technology and the high volume of economic transactions it facilitates. This article examines the key theoretical principles that have contributed to...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015624767

Bitcoin research in business and economics : a bibliometric and topic modeling review

Jung, Hae Sun; Lee, Haein - 2025

This study conducts a bibliometric review of Bitcoin research in the Business and Economics domains, using VOSviewer to visualize network structures and Bidirectional Encoder Representations from Transformers Topic (BERTopic) to derive semantically coherent topic clusters. The analysis...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015628084

Forecasting digital asset return : an application of machine learning model

Ciciretti, Vito; Pallotta, Alberto; Lodh, Suman; Senyo, … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015482590

On the time-varying causal relationships that drive bitcoin returns

Stengos, Thanasēs; Panagiōtidēs, Theodōros; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015401931

Cryptocurrencies and capital flows : evidence from El Salvador's adoption of Bitcoin

Goldbach, Stefan; Nitsch, Volker - 2024

This paper explores a monetary experiment, the adoption of Bitcoin as legal tender in El Salvador in 2021, to analyze the impact of digital currencies on international capital flows. Using a difference-in-differences approach, we find that, instead of making transfers easier, El Salvador's...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015054014

Money is no object : money, cryptocurrency, fiction

Haynes, Paul - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014631395

Lightning network economics : channels

Guasoni, Paolo; Huberman, Gur; Shikhelman, Clara - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014552010

The Skewness-Kurtosis plane for cryptocurrencies' universe

Karagiorgis, Ariston; Ballis, Antonis; Drakos, Kōnstantinos - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014533438

Crypto cravings : gender differences in crypto investment intentions and the mediating roles of financial overconfidence and personality

Nyhus, Ellen Katrine; Frank, Darius-Aurel; Król, … - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014467603

Cryptocurrency research : future directions

Urquhart, Andrew; Yarovaya, Larisa - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015273054

On- and off-chain demand and supply drivers of Bitcoin price

Ciaian, Pavel; Kancs, D'Artis; Rajcaniova, Miroslava - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015619369

Fear divides, not unites : volatility transmission and decoupling between cryptocurrency and renewable energy markets

Al-Harbi, Ahmad - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015616819

Privacy by design for public digital money

Summer, Martin - 2026

As central banks explore issuing digital currencies for public use, a critical design challenge is how to protect the privacy of the granular data trails digital payments leave behind. While privacy is widely recognised as a goal, policy debates often frame it as a trade-off with crime...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015617422

Crypto-Asset Monitoring Expert Group (CAMEG) 2025 Conference : book of abstracts

2026

This paper provides an overview of analytical work1 conducted largely in 2025, under their own aegis, by experts from various European central banks and authorities in the field of crypto-asset monitoring and presented at the Crypto-Asset Monitoring Expert Group (CAMEG) 2025 Conference....

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015617960

Central bank digital currency as a new means of payment : an experimental approach

Magin, Jana; Neyer, Ulrike; Stevens, Alexandra - 2026

Many Central banks around the world are considering the introduction of a Central Bank Digital Currency (CBDC) as a new means of payment. One of the reasons for introducing a CBDC is a change in payment behavior towards an increasing use of electronic forms of payment. This paper examines the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015618518

From coins to cays

Langenmayr, Dominika; Streich, David J. - 2026

We provide evidence that individuals use cryptocurrencies to channel funds into and out of tax havens. Exploiting the Panama Papers (2016) and Paradise Papers (2017) leaks as shocks to offshore detection risk, we compare prices of cryptocurrency-fiat pairs involving Singapore and Hong Kong...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015654759

Absent branches, digital presence : fintech and the reconfiguration of everyday debt in Nigeria

Jalal-Eddeen, Shuaib - 2026

This article examines how the absence of physical branches and embodied oversight in fintech reconfigures financial life in Nigeria. Based on nine months of ethnographic fieldwork in Jimeta, it shows that the absence of physical infrastructures and the dominance of virtual ones is not merely...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015655157

Sustainable digital finance in central banking

Park, Ki Young; Ha, Hyuk Jin; Ryu, Jaemin - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015549149

Taxing crypto assets to fund sustainable development goals : improving evaluation of crypto functional substitute risks

Chowdhary, Abdul Muheet; Sharma, Kuldeep; Omole, Kolawole - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015549186

India's DPI experiment and digital finance revolution

Gandhi, Vikram; Kak, Radhika - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015549206

To tokenize, or not to tokenize : the design question for a central bank digital currency

Chiu, Jonathan; Monnet, Cyril; Xu, Oliver Junye - 2026 - Last updated: May 7, 2026

This paper develops a general equilibrium model to assess central bank digital currency (CBDC) design in a monetary system where traditional banks and "crypto banks" (i.e., banks that issue stablecoins) coexist. We compare tokenized and non-tokenized CBDC, showing that their desirability depends...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015655361

Patterns and determinants of global cryptocurrency flows

Friedrich, Christian; Zhao, Laura - 2026 - Last updated: May 7, 2026

In this paper, we examine the patterns and determinants of cross-border cryptocurrency flows. While our analysis focuses primarily on Bitcoin flows, the cryptocurrency with the largest market capitalization, we show that our key results also extend to four major stablecoins. After documenting...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015655371

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Patterns and determinants of global cryptocurrency flows

Friedrich, Christian; Zhao, Laura - 2026

Book / Working Paper

What if ether goes to zero? : how market risk becomes infrastructure risk in crypto

Biancotti, Claudia - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015562270

From cash to crypto: towards a consistent regulatory approach to illicit payments

Minto, Andrea; Kosse, Anneke; Shirakami, Takeshi; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015609560

Natural hazards and financial activity : evidence from solar storms impact on BTC Mining

Michaēlidēs, Panagiōtēs G.; Prelorentzos, … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015609729

Systematic and bibliometric reviews of cryptocurrency market regulation : trends, influential contributions, and future directions

Al Qudah, Mohammad Zakaria; Bariviera, Aurelio Fernández - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015610388

Regulatory responses to the financial stability implications of stablecoins

Bindseil, Ulrich - 2026 - Final version: 11 February 2026

In essence, the currently large stablecoins are electronic money issued by narrow balance sheet vehicles into a distributed ledger (or a "programmable platform"). Many believe that they will have significant success as a new form of money. Members of the current US administration expect that US...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015610715

Stablecoins and monetary policy transmission

Altavilla, Carlo; Boucinha, Miguel; Burlon, Lorenzo; … - 2026

This paper studies the effects of stablecoin adoption-crypto-assets designed to maintain a stable value relative to a reference asset-on bank intermediation and the transmission of monetary policy. Using evidence from the rapid expansion of stablecoins combined with confidential granular data on...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015610815

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Stablecoins and monetary policy transmission

Altavilla, Carlo; Boucinha, Miguel; Burlon, Lorenzo; … - 2026

Book / Working Paper

Digitalization and corruption : global intersection matrix

Pisker, Barbara; Radman-Funaric, Mirjana; Cosic, Dunja - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015612492

Tokenomics and blockchain fragmentation

Shin, Hyun Song - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015613815

Entropic geometry and information dynamics in green cryptocurrency markets

Chortane, Sana Gaied; Naoui, Kamel - 2026

Cryptocurrencies play a central role in modern financial markets; however, geopolitical tensions and environmental concerns raise critical questions about their stability and informational efficiency. This study distinguishes between green cryptocurrencies (GCs), based on low-energy validation...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015614299

The financial architecture of stablecoins : a primer

Farina, Tatiana; Franke, Günter; Heider, Florian; … - 2026

This SAFE White Paper presents a structured economic framework for assessing asset-backed stablecoins in their capacity as privately issued, fiscally anchored monetary instruments. Specifically, we evaluate the implications of stablecoins for financial intermediation, sovereign debt markets, and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015615344

Central bank digital currency and Gresham's law : an experimental analysis

Baeriswyl, Romain; Boun My, Kene; Cornand, Camille - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015615535

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Central bank digital currency and Gresham's law : an experimental analysis

Baeriswyl, Romain; Boun My, Kene; Cornand, Camille - 2025

Book / Working Paper

Assessing the factors that promote adoption and use of a CBDC wallet : evidence from Peru

Cerón, Marcos; Paliza, Marcelo; Sánchez, Elmer - 2026

This paper examines the determinants of Central Bank Digital Currency (CBDC) wallet usage and evaluates the impact of a retail CBDC pilot implemented by the Central Reserve Bank of Peru (BCRP) in regions with low levels of financial inclusion. As of August 2025, the pilot reached approximately...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015615790

Perceptions of Bitcoin adoption and its socio-economic implications : financial inclusion, social trust and governance in El Salvador

Samour, Ariela; Grossmann, Axel; Grossmann, Florinda - 2026

Purpose - This study examines Salvadorans' perceptions of the Bitcoin Law, which made Bitcoin legal tender on September 7, 2021. Design/methodology/approach - We administer a survey in El Salvador and analyze the data using, among other methods, OLS regressions, ordered logit and ordered probit...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015592471

Personal financial planning and the propensity of central bank digital currency adoption

El Kalak, Izidin; Nourallah, Mustafa; Timmerman, Inga - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015592810

Stablecoins as private money : a policy agenda

Gersbach, Hans; Buggenum, Hugo van; Zelzner, Sebastian - 2026 - This Version: January 2026

Stablecoins are rapidly expanding as money-like assets for payments, trading, settlement, and cross-border transfer. In response, policymakers are moving quickly to develop new regulatory frameworks to safeguard the monetary and financial system. This article develops a forward-looking,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015586665

AI, security, and trust in the digital wallet : evidence from current Romanian FinTech users

Bodorin, Bianca-Eugenia; Ciobanu, Eliza - 2026

The digitalization of finance has accelerated the diffusion of FinTech and raised new questions about how AI, data security and blockchain shape consumer behaviour. This article examines current FinTech users, focusing on mobile banking, security perceptions, AI-enabled personalisation and trust...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015591110

Central bank digital currency, flight-to-quality, and bank-runs in an agent-based model

Barucci, Emilio; Gurgone, Andrea; Iori, Giulia; Azzone, … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015591185

Digital financial platform engagement and financial inclusion in the Philippines : insights on AI deployment and policy implications

Pesa, Nikka C.; Agner, Mary Grace R.; Lacaza, Rutcher M. - 2026

This paper examines how digital financial platform engagement influences financial inclusion in the Philippines and explores how financial institutions are deploying artificial intelligence (AI) in enhancing these platforms. It combines nationally representative data from the World Bank Global...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015604439

Stablecoins vs. tokenized deposits : the narrow banking debate revisited

Huang, Xuesong; Keister, Todd - 2026 - Revised February 2026

We study how the type of money used in blockchain-based trade affects interest rates, investment, and welfare. Stablecoins in our model are backed by safe assets, while banks issue deposits (both traditional and tokenized) to fund a portfolio of safe and risky assets. Deposit insurance creates a...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015604653

On- and off-chain demand and supply drivers of bitcoin price

Ciaian, Pavel; Kancs, D'Artis; Rajcaniova, Miroslava - 2026

Around three-quarters of Bitcoin transactions occur off-chain. While most empirical studies focus exclusively on on-chain transactions, only few papers analyse off-chain transactions. The empirical evidence of Bitcoin market considering both types of trading strategies remains limited. This...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015653613

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On- and off-chain demand and supply drivers of Bitcoin price

Ciaian, Pavel; Kancs, D'Artis; Rajcaniova, Miroslava - 2026

Book / Working Paper

Cryptocurrencies in a sustainable era : analyzing the influence of environmental innovation and US stock indices on bitcoin and Ethereum returns

Mhamid, Imen; Hajji, Asma - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015621679