Asset market equilibria in cryptocurrency markets: Evidence from a study of privacy and non-privacy coins
Journal of International Financial Markets, Institutions and Money(2021)
Abstract
•We explore whether asset market equilibria in cryptocurrency markets exist.•We find that privacy coins and non-privacy coins exhibit two distinct market equilibria.•Our findings provide evidence of market inefficiency.•Privacy coin market is emerging as a distinct asset market among cryptocurrency markets.
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G12,G14
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