The impact of the Covid-19 crisis on the liquidity of cryptocurrencies

被引:0
作者
Chortane, Sana Gaied [1 ]
Naoui, Kamel [2 ]
机构
[1] Inst Higher Business Studies Sousse, Finance, Monastir, Tunisia
[2] Business Sch Tunis, Finance, Tunis, Tunisia
来源
2022 INTERNATIONAL CONFERENCE ON DECISION AID SCIENCES AND APPLICATIONS (DASA) | 2022年
关键词
Liquidity; cryptocurrencies; Covid-19; VECModel;
D O I
10.1109/DASA54658.2022.9765305
中图分类号
TP18 [人工智能理论];
学科分类号
081104 ; 0812 ; 0835 ; 1405 ;
摘要
We tracked the impact of the Covid-19 crisis on the liquidity of10 crypto currencies for the period from July 31, 2019 (before the crisis) to December 31, 2020 (in the Covid -19 era). We applied the vector error correction model to each crypto currency. The results show that in the short term, the COVID-19 crisis has no influence on the liquidity of cryptocurrencies except for Cardano. Similarly, in the long term, it has no impact on the liquidity of cryptocurrencies with the exception of Binance coin, Tezos and Cardano. The assumption of having a common liquidity factor implies that, in a shock of liquidity, the entire market will be affected. The cryptocurrency market, however, has proven to be different.
引用
收藏
页码:730 / 734
页数:5
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