Peer-to-peer (P2P) financial transactions are one of the core premises behind DeFi, where two parties agree to exchange cryptocurrency for goods or services without a third party involved. Using DeFi allows for: Accessibility: Anyone with an internet connection can access a DeFi platform, and tr...
Stock splits make share prices more affordable to retail investors. When stocks split, lower share prices attract more investors, thereby increasing marketplace liquidity. Reverse stock splits are a way for companies to garner more respectability by increasing share prices without affecting market capit...
Hence(7)XEt−1(etfetf′)=IandEt−1(etfeti′)=0.Therefore letting et=(eti′,etf′)′, we get Eqs. (2) and (3) above. As is well known in the finance literature, if there are too few factors in the model, then the idiosyncrasies will be correlated. 4. An economic model of...