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What can we learn from the convenience yield of Bitcoin? Evidence from the COVID-19 crisis()
In this study, we employ the cost of carrying model to estimate the convenience yields of gold and bitcoin. Using the COVID-19 crisis as a demand shock, we show that the convenience yield of bitcoin decreases, but the convenience yield of gold increases during the pandemic. We further document an in...
| Autores principales: | , , , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
Published by Elsevier Inc.
2023
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| Materias: | |
| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10289175/ http://dx.doi.org/10.1016/j.iref.2023.06.029 |