Velocity, Holding Time and Lifespan of Cryptocurrency in Transactions
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arXiv
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| Autori principali: | , , |
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| Natura: | Preprint |
| Pubblicazione: |
2024
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| _version_ | 1866909230273921024 |
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| author | Zhang, Yu Chegeni, Mostafa Tessone, Claudio |
| author_facet | Zhang, Yu Chegeni, Mostafa Tessone, Claudio |
| contents | The measurement of the velocity of money is still a significant topic. In this paper, we proposed a method to calculate the velocity of money by combining the holding-time distribution and lifespan distribution. By derivation, the velocity of money equals the holding-time distribution's value at zero. When we have much holding-time data, this problem can be converted to a regression problem. After a numeric simulation, we find that the calculating accuracy is high even if we used only a small part of the holding time data, which implies a potential application in measuring the velocity of money in reality, such as digital money. We also tested the methods on Cardano and found that the method can also provide a reasonable estimation of velocity in some cases. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2406_16587 |
| institution | arXiv |
| publishDate | 2024 |
| record_format | arxiv |
| spellingShingle | Velocity, Holding Time and Lifespan of Cryptocurrency in Transactions Zhang, Yu Chegeni, Mostafa Tessone, Claudio General Economics Economics The measurement of the velocity of money is still a significant topic. In this paper, we proposed a method to calculate the velocity of money by combining the holding-time distribution and lifespan distribution. By derivation, the velocity of money equals the holding-time distribution's value at zero. When we have much holding-time data, this problem can be converted to a regression problem. After a numeric simulation, we find that the calculating accuracy is high even if we used only a small part of the holding time data, which implies a potential application in measuring the velocity of money in reality, such as digital money. We also tested the methods on Cardano and found that the method can also provide a reasonable estimation of velocity in some cases. |
| title | Velocity, Holding Time and Lifespan of Cryptocurrency in Transactions |
| topic | General Economics Economics |
| url | https://arxiv.org/abs/2406.16587 |