Bitcoin : something seems to be "fundamentally" wrong

In the present paper we remark that the absence of an intrinsic or fundamental value represents a problem for the stability of the bitcoin’s price as an asset. In addition, we consider some financial stability concerns that derive from the hypothesis that

Detalles Bibliográficos
Autores Principales: Gómez-González, José Eduardo, Parra-Polanía, Julián Andrés
Formato: Documento de trabajo (Working Paper)
Lenguaje:Español (Spanish)
Publicado: Banco de la República 2014
Materias:
Acceso en línea:http://repositorio.banrep.gov.co/handle/20.500.12134/6106
id oai:RI-BanRep:20.500.12134-6106
recordtype dspace
spelling oai:RI-BanRep:20.500.12134-61062019-05-07T18:38:02Z Bitcoin : something seems to be "fundamentally" wrong Gómez-González, José Eduardo Parra-Polanía, Julián Andrés E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems G23 - Non-bank Financial Institutions; Financial Instruments; Institutional Investors G12 - Asset Pricing; Trading Volume; Bond Interest Rates Bitcoin Fundamental value Financial stability Bitcoin (Moneda electrónica) -- Precios Moneda -- Innovaciones tecnólogicas G12 - Valoración de activos financieros; Volumen de comercio; Tasas de interés de bonos G23 - Instituciones financieras (excepto bancos); Instrumentos financieros; Inversores institucionales E42 - Sistemas monetarios; Patrones; Regímenes; Gobierno y sistema monetario; Sistemas de pago In the present paper we remark that the absence of an intrinsic or fundamental value represents a problem for the stability of the bitcoin’s price as an asset. In addition, we consider some financial stability concerns that derive from the hypothesis that 2014-05-12 2014-05-12 Working Paper Documentos de trabajo Published Version http://repositorio.banrep.gov.co/handle/20.500.12134/6106 http://hdl.handle.net/20.500.12134/6106 spa Documentos de Trabajo Borradores de Economía Borradores de Economía; No. 819 https://ideas.repec.org/p/bdr/borrec/819.html Open Access https://creativecommons.org/licenses/by-nc-sa/4.0/ Acceso abierto Atribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0 Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva. PDF application/pdf Bogotá Banco de la República
institution Repositorio Institucional del Banco de la República de Colombia
collection DSpace
language Español (Spanish)
topic E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems
G23 - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
G12 - Asset Pricing; Trading Volume; Bond Interest Rates
Bitcoin
Fundamental value
Financial stability
Bitcoin (Moneda electrónica) -- Precios
Moneda -- Innovaciones tecnólogicas
G12 - Valoración de activos financieros; Volumen de comercio; Tasas de interés de bonos
G23 - Instituciones financieras (excepto bancos); Instrumentos financieros; Inversores institucionales
E42 - Sistemas monetarios; Patrones; Regímenes; Gobierno y sistema monetario; Sistemas de pago
spellingShingle E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems
G23 - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
G12 - Asset Pricing; Trading Volume; Bond Interest Rates
Bitcoin
Fundamental value
Financial stability
Bitcoin (Moneda electrónica) -- Precios
Moneda -- Innovaciones tecnólogicas
G12 - Valoración de activos financieros; Volumen de comercio; Tasas de interés de bonos
G23 - Instituciones financieras (excepto bancos); Instrumentos financieros; Inversores institucionales
E42 - Sistemas monetarios; Patrones; Regímenes; Gobierno y sistema monetario; Sistemas de pago
Gómez-González, José Eduardo
Parra-Polanía, Julián Andrés
Bitcoin : something seems to be "fundamentally" wrong
description In the present paper we remark that the absence of an intrinsic or fundamental value represents a problem for the stability of the bitcoin’s price as an asset. In addition, we consider some financial stability concerns that derive from the hypothesis that
format Documento de trabajo (Working Paper)
author Gómez-González, José Eduardo
Parra-Polanía, Julián Andrés
author_facet Gómez-González, José Eduardo
Parra-Polanía, Julián Andrés
author_sort Gómez-González, José Eduardo
title Bitcoin : something seems to be "fundamentally" wrong
title_short Bitcoin : something seems to be "fundamentally" wrong
title_full Bitcoin : something seems to be "fundamentally" wrong
title_fullStr Bitcoin : something seems to be "fundamentally" wrong
title_full_unstemmed Bitcoin : something seems to be "fundamentally" wrong
title_sort bitcoin : something seems to be "fundamentally" wrong
publisher Banco de la República
publishDate 2014
url http://repositorio.banrep.gov.co/handle/20.500.12134/6106
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score 11,15118