Cryptocurrencies as a Financial Asset: A Systematic Analysis

49 Pages Posted: 19 Mar 2018

See all articles by Shaen Corbet

Shaen Corbet

Dublin City University Business School

Brian M. Lucey

Trinity Business School, Trinity College Dublin; University of Sydney Business School; University of Economics Ho Chi Minh City

Andrew Urquhart

ICMA Centre, Henley Business School

Larisa Yarovaya

Date Written: March 18, 2018

Abstract

This paper provides a systematic review of the empirical literature 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 it's anonymity within a young underdeveloped exchange system, and infrastructural breaches influenced by the growth of cyber criminality. Each influence the perception of the role of cryptocurrencies as a trustworthy credible investment asset class and legitimate of value.

Keywords: Cryptocurrencies, Pricing Bubbles, Regulation, Cyber Criminality, Systematic Literature Review

JEL Classification: F31, G18

Suggested Citation

Corbet, Shaen and Lucey, Brian M. and Urquhart, Andrew and Yarovaya, Larisa, Cryptocurrencies as a Financial Asset: A Systematic Analysis (March 18, 2018). Available at SSRN: https://ssrn.com/abstract=3143122 or http://dx.doi.org/10.2139/ssrn.3143122

Shaen Corbet

Dublin City University Business School ( email )

Dublin 9
Ireland

Brian M. Lucey (Contact Author)

Trinity Business School, Trinity College Dublin ( email )

The Sutherland Centre, Level 6, Arts Building
Dublin 2
Ireland
+353 1 608 1552 (Phone)
+353 1 679 9503 (Fax)

University of Sydney Business School ( email )

Cnr. of Codrington and Rose Streets
Sydney, NSW 2006
Australia

University of Economics Ho Chi Minh City ( email )

59C Nguyen Dình Chieu
6th Ward, District 3
Ho Chi Minh City, Ho Chi Minh 70000
Vietnam

Andrew Urquhart

ICMA Centre, Henley Business School ( email )

University of Reading
Whiteknights
Reading, Berkshire RG6 6BA
United Kingdom

No contact information is available for Larisa Yarovaya

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