An Introduction to Cryptocurrencies

Jeongmin Lee (), Christine A. Parlour () and Uday Rajan ()
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Jeongmin Lee: University of Arizona
Christine A. Parlour: University of California
Uday Rajan: University of California

A chapter in The Palgrave Handbook of Technological Finance, 2021, pp 79-93 from Springer

Abstract: Abstract We discuss various views of cryptocurrencies including as a means of payment, as a claim to a growing platformPlatforms or as a speculative investment. We present information on the asset pricing characteristics of a sample of cryptocurrencies. We touch on various practical use cases such as reducing transaction costs and possible adoption by central banks. Finally, we enumerate some concerns with cryptocurrency exchanges such as illiquidity and price manipulation.

Keywords: Cryptocurrencies; ICOs; Blockchain (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-65117-6_4

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DOI: 10.1007/978-3-030-65117-6_4

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