News‎ > ‎

Roland Mestel presents new paper

posted May 25, 2018, 12:01 AM by Graz FinanceResearch   [ updated May 25, 2018, 12:04 AM ]
The School of Business, Economics and Social Sciences at the University of Graz holds a weekly research seminar, where members of the faculty present their latest projects and papers. On May 2, 2018, Roland Mestel presented his paper titled "Bitcoin and other cryptocurrencies from a financial point of view", which he co-authored with Alexander Brauneis (University of Klagenfurt), Ryan Riordan (Queen’s University, Ontario) and Erik Theissen (University of Mannheim and University of Graz).

Roland laid out the group's current research portfolio regarding cryptocurrencies. Their first project dealt with questions of price efficiency. A second project analyzed crypto-only portfolios in a traditional Markowitz framework. Finally, Roland reported on a high frequency liquidity analysis for Bitcoin. Although Bitcoin can simultaneously be traded on several cryptocurrency exchanges, liquidity differs greatly between these platforms. The group tries to identify differences in the microstructure of these platforms that might explain these divergences.