TESTING FOR THE PRESENCE OF SPECULATIVE PRICE BUBBLES IN BITCOIN

The evolution of cryptocurrencies has become one of the most pressing issues for central banks as it challenges the economic functions and foundations of money. In this paper, we use recently developed right-tailed unit root tests, designed to detect the presence of a bubble component in an asset�...

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Bibliographic Details
Published in:Istanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi 2018-04, Vol.17 (33), p.511-523
Main Authors: Delikanli, İhsan Uğur, Vogiazas, Sofoklis
Format: Article
Language:English
Subjects:
Currency
Digital currencies
Generalized method of moments
Growth models
Indexes
Prices
Recessions
Speculation
Stochastic models
Studies
Volatility
Online Access:Get full text
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