ناکارآمدی بیت کوین

                      عنوان انگلیسی:   The inefficiency of Bitcoin عنوان فارسی: ناکارآمدی بیت کوین   رشته : اقتصاد تعداد صفحات مقاله اصلی:   3 صفحه (pdf) تعداد صفحات ترجمه:8صفحه ( word ) سال انتشار:2016   مجله   Economics Letters Volume 148 , November 2016, Pages 80-82       Abstract: Bitcoin has received much attention in the media and by investors in recent years, although there remains scepticism and a lack of understanding of this cryptocurrency. We add to the literature on Bitcoin by studying the market efficiency of Bitcoin. Through a battery of robust tests, evidence reveals that returns are significantly inefficient over our full sample, but when we split our sample into two subsample periods, we find that some tests indicate that Bitcoin is efficient in the latter period. Therefore we conclude that Bitcoin in an inefficient market but may be in the proc ...