Kai Zimmermann

TL;DR: Empirical insights are given on whether users’ interest regarding digital currencies is driven by its appeal as an asset or as a currency, finding strong indications that especially uninformed users approaching digital currencies are not primarily interested in an alternative transaction system but seek to participate in anAlternative investment vehicle.

TL;DR: In this article, the authors investigate whether users' interest regarding digital currencies is driven by its appeal as an asset or as a currency. And they find strong indications that especially uninformed users approaching digital currencies are not primarily interested in an alternative transaction system but seek to participate in a alternative investment vehicle.

TL;DR: In this paper, the authors study the impact of the French Securities Transaction Tax (STT) on the French stock market and show that liquidity demand and supply significantly drop and that increased spreads and a declined order book depth resulting in additional transaction costs for market participants besides the tax.

TL;DR: In this paper, the authors proposed an econometric model that incorporates the basic components of the current price discovery process of a digital currency's exchange rate, and showed that price volatility is significantly influenced by the media coverage and positive sentiment.

TL;DR: A decline in market volatility after the trading halt in the home and satellite market which come at the cost of higher spreads and the satellite market’s quality and price discovery during CBs is weakened and only recovers as the other market restarts trading.