ECOMAN Vol. 2, Issue 2, December 2021
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Öğe Book Review-1: The End of Normal: The Great Crisis and the Future of Growth(İstanbul Gelişim Üniversitesi Yayınları / Istanbul Gelisim University Press, 2021) Eşiyok, BülentThe End of Normal: The Great Crisis and the Future of Growth Author: James K. GALBRAITH Published 2014 by Simon & Schuster, 291 Pages. ISBN: 9781451644937Öğe Should We Expect Bitcoin Markets to Be Efficient?(İstanbul Gelişim Üniversitesi Yayınları / Istanbul Gelisim University Press, 2021) Dube, Sema; Şahin, HayatiWe investigate whether Bitcoin markets demonstrate month-of-the-year effects, and whether such anomalies are present across markets that differ in terms of fees, trading requirements, size as well as the extent of legal support in their host countries. We use monthly return data for the period of 2015-2018 for Bitfinex, Bitstamp and Okcoin and find that returns were similar across the markets suggesting lack of internal frictions, and that all three Bitcoin markets showed a positive effect in December and a negative effect in January, followed by a positive effect in February. One explanation for the anomalies in the Bitcoin markets could be spillovers from the seasonal anomalies in broader markets, such as those posited by tax-loss or portfolio rebalancing hypotheses, which could result in some investors selling equity in December and repurchasing it in January and parking the proceeds in Bitcoin in the interim. If related to tax considerations, this situation could change as various jurisdictions start to enforce tax regulations for cryptocurrencies.Öğe Journal of Sustainable Economics and Management Studies (ECOMAN) Volume: 2, Issue: 2, December 2021: Issue File(İstanbul Gelişim Üniversitesi Yayınları / Istanbul Gelisim University Press, 2021) Özdemir, OnurCONTENTS Pages iii Advisory Board & Reviewers for this Issue v Contents ORIGINAL RESEARCH ARTICLE 69-81 Should We Expect Bitcoin Markets to Be Efficient? Sema DUBE, Hayati ŞAHİN BOOK REVIEW 82-83 Book Review-1: The End of Normal: The Great Crisis and the Future of Growth Bülent EŞİYOK
