The Emerald Handbook on Cryptoassets

Investment Opportunities and Challenges

H. Kent Baker|Hugo Benedetti|Ehsan Nikbakht|Sean Stein Smith
Emerald
Emerald

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Hardback
9781804553213
16 January 2023
£125.00
eBook (PDF)
9781804553206
16 January 2023
£125.00
eBook (ePub)
9781804553220
16 January 2023
£125.00

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  • Description
  • Contents
  • About

Bitcoin’s introduction as the first cryptoasset in 2009 ushered in a new era, generating much interest, excitement, and growth. A cryptoasset is a digital asset using blockchain technology to regulate the generation of new units and verify and secure transactions. Besides cryptocurrencies, other major cryptoassets are security tokens and utility tokens.

Cryptoassets are attractive to investors because of potentially high returns and diversification benefits. However, investors entering this market face substantial challenges like the low quality of information, high price volatility, a lack of academically defensible valuation models, and regulatory uncertainty.

This book spans the gamut from theoretical to practical while offering the right balance of detailed and user-friendly coverage. It consists of five parts: (1) the cryptoasset landscape, (2) types of cryptoassets, (3) cryptoassets as investment opportunities, (4) trading, reporting, and technical aspects, and (5) other cryptoasset issues. The book skillfully blends scholars' and practitioners' contributions into a single review of critical topics and issues about cryptoassets. The contributors' varied backgrounds ensure different perspectives and a rich interplay of ideas. The book reflects the latest research and offers a guide to understanding cryptoassets and their role in investment portfolios.

Part I. The Cryptoasset Landscape

  • Chapter 1. Cryptoassts: An Overview; H. Kent Baker, Hugo Benedetti, Ehsan Nikbakht, and Sean Stein Smith
  • Chapter 2. The Cryptoasset Auditing and Accounting Landscape; Sean Stein Smith
  • Chapter 3. The Crypto Investing Landscape; John Ward
  • Part II. Types of Cryptoassets
  • Chapter 4. Cryptocurrencies; Lennart Ante
  • Chapter 5. Security Tokens; Paul P. Momtaz
  • Chapter 6. Utility Tokens; Hugo Benedetti, Luis A. Abarzúa, and Christian Caceres
  • Chapter 7. Stablecoins; Ingo Fiedler and Lennart Ante
  • Chapter 8. Tokenized Assets and Securities; Hugo Benedetti and Gabriel Rodriguez-Garcia
  • Part III. Cryptoassets as Investment Opportunities
  • Chapter 9. A Comparative Review of Cryptoasset Products; Kristin M. Kalish, Kerem Proulx, and Andrew C. Spieler
  • Chapter 10. Decentralized Finance; Kiran Pandian, Daniel Pfeiffer, and Samson Qian
  • Chapter 11. Blockchain and Crypto Exchange-Traded Funds; Philip C. Sookram
  • Chapter 12. Approaches to Cryptocurrency Valuation; Arman Eshraghi
  • Chapter 13. Cryptoassets in a Portfolio Context; Robinpreet Dhillon and Ehsan Nikbakht
  • Chapter 14. Protection of Portfolios and Financial Consumers from Cryptoasset Frauds; Ibrahim E. Sancak
  • Part IV. Trading, Reporting, and Technical Aspects
  • Chapter 15. General Institutional Considerations of Blockchain and Emerging Applications; Peter C. Earle and David M. Waugh
  • Chapter 16. Custody, Provenance, and Reporting of Blockchain and Cryptoassets; Rocher Cyrus
  • Chapter 17. Tokenized and Non-tokenized Assets: Legal Considerations; Brett Cotler
  • Chapter 18. The Underlying Technology for Cryptoassets; Alevtina Dubovitskaya Ackerer and Damien Ackerer
  • Chapter 19. Central Bank Digital Currencies: Opening Pandora’s Box or Paving the Future of Money; Dimitrios Salampasis, Patrick Schueffel, Russell Dominic, and Duncan Cameron
  • Part V. Other Cryptoasset Issues
  • Chapter 20. Trade Settlements; Hugo Benedetti, Ehsan Nikbakht, and Giga Zukhubaia
  • Chapter 21. A Closer Look into Decentralized Finance; Hugo Benedetti and Sebastián Labbé
  • Chapter 22. Cryptocurrency Exchanges and the Future of Cryptoassets; Antonio Brasse and Samuel Hyun

H. Kent Baker, Ph.D., DBA, CFA, CMA, is a University Professor of Finance at the Kogod School of Business, American University.

Hugo Benedetti, Ph.D., is an Assistant Professor at ESE Business School, Universidad de Los Andes, Chile.

Ehsan Nikbakht, DBA, CFA, FRM, PRM, is C.V. Starr Distinguished Professor of Finance at the Frank G. Zarb School of Business, Hofstra University.

Sean Stein Smith, DBA, CPA, is an Assistant Professor of Accounting at Lehman College, the City University of New York.