Blockchain Economics And Financial Market Innovation: Financial Innovations In The Digital Age

Description

This book discusses various aspects of blockchains in economic systems and investment strategies in crypto markets. It first addresses the topic from a conceptual and theoretical point of view, and then analyzes it from an assessment and investment angle. Further, it examines the opportunities and limitations of the taxation of crypto currency, as well as the political implications, such as regulation of speculation with crypto currencies. The book is intended for academicians and students in the fields of economics and finance. Front Matter ....Pages i-xxiii Front Matter ....Pages 1-1 Corporate Finance in the New Business Ecosystem in the Digital Age (Meltem Gürünlü)....Pages 3-15 The Global Financial System’s New Tool: Digital Money (Faruk Dayi)....Pages 17-39 Redesigning Current Banknotes with Blockchain Infrastructure: A Model Proposal (Sabri Erdem, Derya Altun)....Pages 41-59 Initial Coin Offerings: Tokens as Innovative Financial Assets (Saman Adhami, Giancarlo Giudici)....Pages 61-81 The Blockchain–Sustainability Nexus: Can This New Technology Enhance Social, Environmental and Economic Sustainability? (Semen Son-Turan)....Pages 83-99 Front Matter ....Pages 101-101 Herding Behaviour in Cryptocurrency Market: CSSD and CSAD Analysis (Gülüzar Kurt Gümüş, Yusuf Gümüş, Ayşegül Çimen)....Pages 103-114 News Sentiment and Cryptocurrency Volatility (Serkan Cankaya, Elcin Aykac Alp, Mefule Findikci)....Pages 115-140 Bitcoin Market Price Analysis and an Empirical Comparison with Main Currencies, Commodities, Securities and Altcoins (Burak Pirgaip, Burcu Dinçergök, Şüheda Haşlak)....Pages 141-166 The Causal Relationship Between Returns and Trading Volume in Cryptocurrency Markets: Recursive Evolving Approach (Efe Caglar Cagli)....Pages 167-190 Assessment of the Crypto Market Efficiency: Empirical Evidence from Unit Root Tests with Different Approximations (Yuksel Iltas, Gulbahar Ucler, Umit Bulut)....Pages 191-200 Forecasting the Prices of Cryptocurrencies Using GM(1,1) Rolling Model (Cem Kartal, Mehmet Fatih Bayramoglu)....Pages 201-230 Front Matter ....Pages 231-231 Is It Possible to Understand the Dynamics of Cryptocurrency Markets Using Econophysics? Crypto-Econophysics (Tolga Ulusoy, Mehmet Yunus Çelik)....Pages 233-247 The Linkage Between Cryptocurrencies and Macro-Financial Parameters: A Data Mining Approach (Arzu Tay Bayramoğlu, Çağatay Başarır)....Pages 249-269 Impact of Digital Technology and the Use of Blockchain Technology from the Consumer Perspective (Hande Begüm Bumin Doyduk)....Pages 271-292 Empirical Evidence of the Relationships Between Bitcoin and Stock Exchanges: Case of Return and Volatility Spillover (M. Kamisli, S. Kamisli, F. Temizel)....Pages 293-318 Cryptocurrencies as an Investment Vehicle: The Asymmetric Relationships Between Bitcoin and Precious Metals (M. Kamisli)....Pages 319-344 Front Matter ....Pages 345-345 Effective Taxation System by Blockchain Technology (Habip Demirhan)....Pages 347-360 The Size and Taxation of Cryptocurrency: An Assessment for Emerging Economies (Erdoğan Teyyare, Kadir Ayyıldırım)....Pages 361-379 Accounting and Taxation of Crypto Currencies in Emerging Markets (Ali Kablan)....Pages 381-405 Cryptocurrency and Tax Regulation: Global Challenges for Tax Administration (Gamze Öz Yalaman, Hakan Yıldırım)....Pages 407-422 Using Smart Contracts via Blockchain Technology for Effective Cost Management in Health Services (Nihal Kalayci Oflaz)....Pages 423-449 Front Matter ....Pages 451-451 Cryptocurrencies in the Digital Era: The Role of Technological Trust and Its International Effects (Serif Dilek)....Pages 453-474 Existence of Speculative Bubbles for the US at Times of Two Major Financial Crises in the Recent Past: An Econometric Check of BitCoin Prices (Sovik Mukherjee)....Pages 475-486 Analysis of Relationship Between International Interest Rates and Cryptocurrency Prices: Case for Bitcoin and LIBOR (Serdar Erdogan, Volkan Dayan)....Pages 487-514 Cryptocurrency Derivatives: The Case of Bitcoin (Yakup Söylemez)....Pages 515-530 How Is a Machine Learning Algorithm Now-Casting Stock Returns? A Test for ASELSAN (Engin Sorhun)....Pages 531-548 A Comprehensive Framework for Accounting 4.0: Implications of Industry 4.0 in Digital Era (Banu Esra Aslanertik, Bengü Yardımcı)....Pages 549-563