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Cryptocurrencies as a financial asset: A systematic analysis

Cryptocurrencies as a financial asset: A systematic analysis
Cryptocurrencies as a financial asset: A systematic analysis

This paper provides a systematic review of the empirical literature based on the major topics that have been associated with the market for cryptocurrencies since their development as a financial asset in 2009. Despite astonishing price appreciation in recent years, cryptocurrencies have been subjected to accusations of pricing bubbles central to the trilemma that exists between regulatory oversight, the potential for illicit use through its anonymity within a young under-developed exchange system, and infrastructural breaches influenced by the growth of cybercriminality. Each influences the perception of the role of cryptocurrencies as a credible investment asset class and legitimate of value.

Cryptocurrencies, Cybercriminality, Pricing bubbles, Regulation, Systematic literature review
1057-5219
Corbet, Shaen
8a3e20b1-891b-4102-82f2-e2c39a7a1d59
Lucey, Brian
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Urquhart, Andrew
ee369df1-95b5-4cdf-bc24-f1be77357c03
Yarovaya, Larisa
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Corbet, Shaen
8a3e20b1-891b-4102-82f2-e2c39a7a1d59
Lucey, Brian
ea62416d-8886-4acd-b160-f653aea6c319
Urquhart, Andrew
ee369df1-95b5-4cdf-bc24-f1be77357c03
Yarovaya, Larisa
2bd189e8-3bad-48b0-9d09-5d96a4132889

Corbet, Shaen, Lucey, Brian, Urquhart, Andrew and Yarovaya, Larisa (2018) Cryptocurrencies as a financial asset: A systematic analysis. International Review of Financial Analysis. (doi:10.1016/j.irfa.2018.09.003).

Record type: Article

Abstract

This paper provides a systematic review of the empirical literature based on the major topics that have been associated with the market for cryptocurrencies since their development as a financial asset in 2009. Despite astonishing price appreciation in recent years, cryptocurrencies have been subjected to accusations of pricing bubbles central to the trilemma that exists between regulatory oversight, the potential for illicit use through its anonymity within a young under-developed exchange system, and infrastructural breaches influenced by the growth of cybercriminality. Each influences the perception of the role of cryptocurrencies as a credible investment asset class and legitimate of value.

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Accepted/In Press date: 5 September 2018
e-pub ahead of print date: 12 September 2018
Keywords: Cryptocurrencies, Cybercriminality, Pricing bubbles, Regulation, Systematic literature review

Identifiers

Local EPrints ID: 425053
URI: http://eprints.soton.ac.uk/id/eprint/425053
ISSN: 1057-5219
PURE UUID: 323cf0fa-f84f-4c8b-aaed-7d43271ba655
ORCID for Andrew Urquhart: ORCID iD orcid.org/0000-0001-8834-4243
ORCID for Larisa Yarovaya: ORCID iD orcid.org/0000-0002-9638-2917

Catalogue record

Date deposited: 09 Oct 2018 16:30
Last modified: 28 Apr 2022 05:58

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Contributors

Author: Shaen Corbet
Author: Brian Lucey
Author: Andrew Urquhart ORCID iD
Author: Larisa Yarovaya ORCID iD

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