Impact of COVID-19 effective reproductive rate on cryptocurrency

被引：7

作者：

Minutolo, Marcel C. ^{[1
]}

Kristjanpoller, Werner ^{[2
]}

Dheeriya, Prakash ^{[3
]}

机构：

[1] Robert Morris Univ, 6001 Univ Blvd, Moon Township, PA 15108 USA

[2] Univ Tecn Federico Santa Maria, Dept Ind, Av Espana 1680, Valparaiso, Chile

[3] Calif State Univ Dominguez Hills, 1000 E Victoria St, Carson, CA 90747 USA

来源：

FINANCIAL INNOVATION | 2022年 / 8卷 / 01期

关键词：

COVID-19; Cryptocurrency; Bitcoin; GARCH; Digital currency; Fintech; BITCOIN; GOLD;

D O I：

10.1186/s40854-022-00354-5

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

The importance of cryptocurrency to the global economy is increasing steadily, which is evidenced by a total market capitalization of over $2.18T as of December 17, 2021, according to coinmarketcap.com (Coin, 2021). Cryptocurrencies are too confusing for laymen and require more investigation. In this study, we analyze the impact that the effective reproductive rate, an epidemiological indicator of the spread of COVID-19, has on both the price and trading volume of eight of the largest digital currencies-Bitcoin, Ethereum, Tether, Ripple, Litecoin, Bitcoin Cash, Cardano, and Binance. We hypothesize that as the rate of spread decreases, the trading price of the digital currency increases. Using Generalized Autoregressive Conditional Heteroskedasticity models, we find that the impact of the spread of COVID-19 on the price and trading volume of cryptocurrencies varies by currency and region. These findings offer novel insight into the cryptocurrency market and the impact that the viral spread of COVID-19 has on the value of the major cryptocurrencies.

引用

页数：27

共 50 条

[1] Impact of COVID-19 effective reproductive rate on cryptocurrency
Marcel C. Minutolo
Werner Kristjanpoller
Prakash Dheeriya
Financial Innovation, 8
[2] Quantile dependencies and connectedness between the gold and cryptocurrency markets: Effects of the COVID-19 crisis
Mensi, Walid
El Khoury, Rim
Ali, Syed Riaz Mahmood
Vo, Xuan Vinh
Kang, Sang Hoon
RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE, 2023, 65
[3] Asymmetric interdependencies between cryptocurrency and commodity markets: the COVID-19 pandemic impact
Jareno, Francisco
Gonzalez, Maria De la O.
Belmonte, Pascual
QUANTITATIVE FINANCE AND ECONOMICS, 2022, 6 (01): : 83 - 112
[4] Effects of COVID-19 on cryptocurrency and emerging market connectedness: Empirical evidence from quantile, frequency, and lasso networks
Balcilar, Mehmet
Ozdemir, Huseyin
Agan, Busra
PHYSICA A-STATISTICAL MECHANICS AND ITS APPLICATIONS, 2022, 604
[5] Asymmetrical herding in cryptocurrency: Impact of COVID 19
Bharti
Kumar, Ashish
QUANTITATIVE FINANCE AND ECONOMICS, 2022, 6 (02): : 326 - 341
[6] Modeling the Resilience of the Cryptocurrency Market to COVID-19
Naimy, Viviane
Haddad, Omar
El Khoury, Rim
BUSINESS INFORMATION SYSTEMS WORKSHOPS, BIS 2021, 2022, 444 : 347 - 358
[7] The Impact of COVID-19 on Weak-Form Efficiency in Cryptocurrency and Forex Markets
Zitis, Pavlos I.
Kakinaka, Shinji
Umeno, Ken
Stavrinides, Stavros G.
Hanias, Michael P.
Potirakis, Stelios M.
ENTROPY, 2023, 25 (12)
[8] The Impact of the COVID-19 Pandemic on the Unpredictable Dynamics of the Cryptocurrency Market
Kim, Kyungwon
Lee, Minhyuk
ENTROPY, 2021, 23 (09)
[9] The Impact of the COVID-19 Pandemic on the Cryptocurrency Market
Mgadmi, Nidhal
Bejaoui, Azza
Moussa, Wajdi
Sadraoui, Tarek
SCIENTIFIC ANNALS OF ECONOMICS AND BUSINESS, 2022, 69 (03) : 343 - 359
[10] Investor behavior and cryptocurrency market bubbles during the COVID-19 pandemic
Mnif, Emna
Salhi, Bassem
Mouakha, Khaireddine
Jarboui, Anis
REVIEW OF BEHAVIORAL FINANCE, 2022, 14 (04) : 491 - 507

← 1 2 3 4 5 →