How money relates to value? an empirical examination on gold, silver and bitcoin

Detalhes bibliográficos
Autor(a) principal: Gonçalves, João Filipe do Quental Cabral Soares
Data de Publicação: 2021
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/22625
Resumo: Mestrado Bolonha em Economia Monetária e Financeira
id RCAP_8d4ecb8fccb33d2c743e8aaccdcee46d
oai_identifier_str oai:www.repository.utl.pt:10400.5/22625
network_acronym_str RCAP
network_name_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository_id_str 7160
spelling How money relates to value? an empirical examination on gold, silver and bitcoinMestrado Bolonha em Economia Monetária e FinanceiraThe present work offers a review on two divergent schools of thought regarding the subject of money and highlights why understanding it is important to grasp the workings and nature of the concept of money. We adopt a spontaneous order perspective on social institutions, considering money as one. Such framework allows for the construction of axioms from which we formulate our problem allowing us to ask how old forms of money such as Gold and Silver hold up in today’s world regarding their hedging properties. Moreover, we also do so for Bitcoin since we consider it an appropriate asset due to its specific characteristics and its (at the time of writing) more than 10-year life span. We resort to the Autoregressive Distributed Lag (ARDL) methodology in order to study our three assets in the context of the US dollar and the US Economy for two different time periods. We analyse price dynamics from 1980 to 2020 for gold and silver resorting to annual data. Regarding bitcoin we employ quarterly data from 2009 to 2020). We conclude that the theories that explain what money is, how it comes to be so and how certain types of “money assets” may serve both as an Indirect hedge against inflation in the two interpretations of the word and as a “stock of value” have merits that might deserve further investigation.Instituto Superior de Economia e GestãoAlves, JoséRepositório da Universidade de LisboaGonçalves, João Filipe do Quental Cabral Soares2022-06-08T00:30:19Z2021-112021-11-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.5/22625engGonçalves, João Filipe do Quental Cabral Soares (2021). "How money relates to value? an empirical examination on gold, silver and bitcoin". Dissertação de Mestrado, Universidade de Lisboa. Instituto Superior de Economia e Gestão.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:52:09Zoai:www.repository.utl.pt:10400.5/22625Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:07:00.563183Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv How money relates to value? an empirical examination on gold, silver and bitcoin
title How money relates to value? an empirical examination on gold, silver and bitcoin
spellingShingle How money relates to value? an empirical examination on gold, silver and bitcoin
Gonçalves, João Filipe do Quental Cabral Soares
title_short How money relates to value? an empirical examination on gold, silver and bitcoin
title_full How money relates to value? an empirical examination on gold, silver and bitcoin
title_fullStr How money relates to value? an empirical examination on gold, silver and bitcoin
title_full_unstemmed How money relates to value? an empirical examination on gold, silver and bitcoin
title_sort How money relates to value? an empirical examination on gold, silver and bitcoin
author Gonçalves, João Filipe do Quental Cabral Soares
author_facet Gonçalves, João Filipe do Quental Cabral Soares
author_role author
dc.contributor.none.fl_str_mv Alves, José
Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Gonçalves, João Filipe do Quental Cabral Soares
description Mestrado Bolonha em Economia Monetária e Financeira
publishDate 2021
dc.date.none.fl_str_mv 2021-11
2021-11-01T00:00:00Z
2022-06-08T00:30:19Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/22625
url http://hdl.handle.net/10400.5/22625
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Gonçalves, João Filipe do Quental Cabral Soares (2021). "How money relates to value? an empirical examination on gold, silver and bitcoin". Dissertação de Mestrado, Universidade de Lisboa. Instituto Superior de Economia e Gestão.
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Instituto Superior de Economia e Gestão
publisher.none.fl_str_mv Instituto Superior de Economia e Gestão
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
_version_ 1799131163016560640

Registros relacionados