Market Economics and Efficiency
Digital markets and products like cryptocurrencies possess various special properties, partly due to the comparatively short period of existence and low lower of regulation.
The BRL looks to assess market mechanisms and efficiency arising from these markets, such as determinants of returns or signs of fraudulent or manipulative behavior. The research projects aims to analysis of market mechanisms and the derivation of corresponding recommendations for action.
Publications:
Market Reaction to Exchange Listings of Cryptocurrencies
This study explores 327 exchange listings of 180 cryptocurrencies on 22 different cryptocurrency exchanges and examines the resulting price effects...
Discovering market prices: Which price formation model best predicts the next trade?
For most purposes of technical analysis, valuation metrics and many other relevant financial methods, the price of the last transaction is considered representative of...
