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The Connotations Of The Crisis On The Cryptoassets Market

Author

Listed:
  • Marinela BÃRBULESCU

    (University of Pitesti, Romania)

  • Alina HAGIU

    (University of Pitesti, Romania)

Abstract

The so-called Crypto Crash marks not just a recent decline, but the most severe yet in the cryptocurrency world. Even brand-name enthusiasts of these virtual currencies have expressed concern, with some temporarily abandoning investments. Although the steep decline has eased, a tense atmosphere in the market remains. In this paper we aim to make an analysis of the market capitalization, prices, and estimated number of users and an estimation of crypto-assets adoption in the countries of the world. We also will focus on the key elements of the crypto ecosystem, including unbacked crypto, stablecoins, smart contracts and decentralised finance, structural flaws and risks, all in the context of the crisis on the cryptoassets market.

Suggested Citation

  • Marinela BÃRBULESCU & Alina HAGIU, 2022. "The Connotations Of The Crisis On The Cryptoassets Market," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 21(3), pages 123-136.
    • Handle: RePEc:pts:journl:y:2022:i:3:p:123-136
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    References listed on IDEAS

    as
    1. Auer, Raphael & Tercero-Lucas, David, 2022. "Distrust or speculation? The socioeconomic drivers of U.S. cryptocurrency investments," Journal of Financial Stability, Elsevier, vol. 62(C).
    2. Graf von Luckner, Clemens & Reinhart, Carmen M. & Rogoff, Kenneth, 2023. "Decrypting new age international capital flows," Journal of Monetary Economics, Elsevier, vol. 138(C), pages 104-122.
    3. Feyen,Erik H.B. & Kawashima,Yusaku & Mittal,Raunak, 2022. "Crypto-Assets Activity around the World : Evolution and Macro-Financial Drivers," Policy Research Working Paper Series 9962, The World Bank.
    4. Doerr, Sebastian & Gambacorta, Leonardo & Guiso, Luigi & Sanchez del Villar, Marina, 2023. "Privacy regulation and fintech lending," CEPR Discussion Papers 18216, C.E.P.R. Discussion Papers.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    cryptoassets; crisis; volatility; risks.;
    All these keywords.

    JEL classification:

    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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