Advanced search
Publication Cover
Applied Economics Volume 50, 2018 - Issue 55
Submit an article Journal homepage
2,736
Views
188
CrossRef citations to date
0
Altmetric
Articles

Spillovers between Bitcoin and other assets during bear and bull markets

Elie BouriUSEK Business School, Holy Spirit University of Kaslik, Jounieh, LebanonCorrespondence[email protected]
ORCID Iconhttp://orcid.org/0000-0003-2628-5027
ORCID Icon,
Mahamitra DasEconomic Research Unit, Indian Statistical Institute, Kolkata, India
,
Rangan GuptaDepartment of Economics, University of Pretoria, Pretoria, South Africa
&
David RoubaudMontpellier Research in Management, Montpellier Business School, Montpellier, France
Pages 5935-5949 | Published online: 29 Jun 2018

Citations (188)

Keep up to date with the latest research on this topic with citation updates for this article.

Subscribe to citation updates

Read on this site (19)

Akihiro Omura, Adrian (Wai Kong) Cheung & Jen Je Su. (2024) Does natural gas volatility affect Bitcoin volatility? Evidence from the HAR-RV model. Applied Economics 56:4, pages 414-425.
Read now
Alexander Nepp & Fedor Karpeko. (2024) Hype as a Factor on the Global Market: The Case of Bitcoin. Journal of Behavioral Finance 25:1, pages 1-14.
Read now
Chekwube V. Madichie, Franklin N. Ngwu, Eze A. Eze & Olisaemeka D. Maduka. (2023) Modelling the dynamics of cryptocurrency prices for risk hedging: The case of Bitcoin, Ethereum, and Litecoin. Cogent Economics & Finance 11:1.
Read now
Chiang-Ching Tan, Pick-Soon Ling, Siew-Ling Sim & Kelvin Lee Yong Ming. (2023) Hedge and safe-haven properties of Cryptocurrencies: evidence in east asia-5 market. Cogent Economics & Finance 11:1.
Read now
Mohammad Enamul Hoque, Low Soo-Wah, Md Akther Uddin & Ashiqur Rahman. (2023) International trade policy uncertainty spillover on stock market: Evidence from fragile five economies. The Journal of International Trade & Economic Development 32:1, pages 104-131.
Read now
Seyram Pearl Kumah & Jones Odei-Mensah. (2022) Do cryptocurrencies and crude oil influence each other? Evidence from wavelet-based quantile-in-quantile approach. Cogent Economics & Finance 10:1.
Read now
Seyram Pearl Kumah, Jones Odei-Mensah & Richmell Baaba Amanamah. (2022) Co-movement of cryptocurrencies and African stock returns: A multiresolution analysis. Cogent Business & Management 9:1.
Read now
Yang (Greg) Hou, Yujia Li, Yang Hu & Les Oxley. (2022) Time-varying spillovers of higher moments between Bitcoin and crude oil markets and the impact of the US–China trade war: a regime-switching perspective. The European Journal of Finance 0:0, pages 1-31.
Read now
Konstantinos Gkillas, Paraskevi Katsiampa, Christoforos Konstantatos & Athanasios Tsagkanos. (2022) Discontinuous movements and asymmetries in cryptocurrency markets. The European Journal of Finance 0:0, pages 1-25.
Read now
Antonios Kalyvas, Zeming Li, Panayiotis Papakyriakou & Athanasios Sakkas. (2021) If you feel good, I feel good! The mediating effect of behavioral factors on the relationship between industry indices and Bitcoin returns. The European Journal of Finance 0:0, pages 1-12.
Read now
Ahmet Sensoy, Thiago Christiano Silva, Shaen Corbet & Benjamin Miranda Tabak. (2021) High-frequency return and volatility spillovers among cryptocurrencies. Applied Economics 53:37, pages 4310-4328.
Read now
Lori Tzu Yi Yang. (2020) The influence of Taiwan’s stock market on Bitcoin’s price under Taiwan’s monetary policy threshold. Applied Economics 52:45, pages 4967-4975.
Read now
Mohammad Hashemi Joo, Yuka Nishikawa & Krishnan Dandapani. (2020) Announcement effects in the cryptocurrency market. Applied Economics 52:44, pages 4794-4808.
Read now
Hao Dong, Liming Chen, Xinyi Zhang, Pierre Failler & Sa Xu. (2020) The Asymmetric Effect of Volatility Spillover in Global Virtual Financial Asset Markets: The Case of Bitcoin. Emerging Markets Finance and Trade 56:6, pages 1293-1311.
Read now
Łukasz Goczek & Ivan Skliarov. (2019) What drives the Bitcoin price? A factor augmented error correction mechanism investigation. Applied Economics 51:59, pages 6393-6410.
Read now
Chi Keung Lau, Alaa M. Soliman & Dongna Zhang. Energy Price Inflation, Geopolitical Risk, and Bitcoin Dependence Structure: Evidence from BRICS. Emerging Markets Finance and Trade 0:0, pages 1-15.
Read now
Yun Chen & Cong Yu. The connectedness between three traditional assets and cryptocurrency during the COVID-19 pandemic and Russia–Ukraine conflicts. Applied Economics Letters 0:0, pages 1-8.
Read now
Jian Zhang, Jinsong Zhao & Chi-Chuan Lee. Asymmetric dynamics between cryptocurrency uncertainty and the oil and gold markets: evidence from Granger causality in quantiles. Applied Economics 0:0, pages 1-14.
Read now
Ali Fereydooni & Ehsan Hajizadeh. Safe haven opportunities for cryptocurrencies in geopolitically risky environments. Applied Economics 0:0, pages 1-16.
Read now

Articles from other publishers (169)

Kun Duan, Liya Zhang, Andrew Urquhart, Kai Yao & Long Peng. (2024) Do clean and dirty cryptocurrencies connect financial assets differently? The perspective of market inefficiency. Research in International Business and Finance 70, pages 102351.
Crossref
Mingguo Zhao & Hail Park. (2024) Quantile time-frequency spillovers among green bonds, cryptocurrencies, and conventional financial markets. International Review of Financial Analysis 93, pages 103198.
Crossref
Inés Jiménez, Andrés Mora-Valencia & Javier Perote. (2024) Bitcoin halving and the integration of cryptocurrency and forex markets: An analysis of the higher-order moment spillovers. International Review of Economics & Finance 92, pages 302-315.
Crossref
Yadong Liu, Nathee Naktnasukanjn, Anukul Tamprasirt & Tanarat Rattanadamrongaksorn. (2024) Do crude oil, gold and the US dollar contribute to Bitcoin investment decisions? An ANN-DCC-GARCH approach. Asian Journal of Economics and Banking 8:1, pages 2-18.
Crossref
Foued Hamouda, Imran Yousaf & Muhammad Abubakr Naeem. (2024) Exploring the Dynamics of Equity and Cryptocurrency Markets: Fresh Evidence from the Russia–Ukraine War. Computational Economics.
Crossref
Bassam A. Ibrahim, Ahmed A. Elamer, Thamir H. Alasker, Marwa A. Mohamed & Hussein A. Abdou. (2024) Volatility contagion between cryptocurrencies, gold and stock markets pre-and-during COVID-19: evidence using DCC-GARCH and cascade-correlation network. Financial Innovation 10:1.
Crossref
Wajdi Frikha, Azza Béjaoui, Aurelio F. Bariviera & Ahmed Jeribi. (2024) What Matters for Comovements among Gold, Bitcoin, CO2, Commodities, VIX and International Stock Markets during the Health, Political and Bank Crises?. Risks 12:3, pages 47.
Crossref
Asil Azimli. (2024) Time-varying spillovers in high-order moments among cryptocurrencies. Financial Innovation 10:1.
Crossref
NGO THAI HUNG. (2020) TIME-FREQUENCY NEXUS BETWEEN BITCOIN AND DEVELOPED STOCK MARKETS IN THE ASIA-PACIFIC. The Singapore Economic Review 69:01, pages 399-424.
Crossref
Zhuhua Jiang, Rim El Khoury, Muneer M. Alshater & Seong‐Min Yoon. (2023) Impact of global macroeconomic factors on spillovers among Australian sector markets: Fresh findings from a wavelet‐based analysis. Australian Economic Papers 63:1, pages 78-105.
Crossref
Virginie Terraza, Aslı Boru İpek & Mohammad Mahdi Rounaghi. (2024) The nexus between the volatility of Bitcoin, gold, and American stock markets during the COVID-19 pandemic: evidence from VAR-DCC-EGARCH and ANN models. Financial Innovation 10:1.
Crossref
Fateh SACI. (2024) Research on the Linkage of Digital Money Market: Empirical Analysis Based on Granger Causality Test and Variance Decomposition. SSRN Electronic Journal.
Crossref
Myriam Ben Osman, Christian Urom, Khaled Guesmi & Ramzi Benkraiem. (2024) Economic sentiment and the cryptocurrency market in the post-COVID-19 era. International Review of Financial Analysis 91, pages 102962.
Crossref
Md Shahedur R. Chowdhury & Damian S. Damianov. (2024) Uncertainty and bubbles in cryptocurrencies: Evidence from newly developed uncertainty indices. International Review of Financial Analysis 91, pages 102949.
Crossref
Zekai ŞENOL. (2023) BİTCOİN İLE EMTİALAR ARASINDAKİ ZAMANLA DEĞİŞEN VOLATİLİTE YAYILIMLARITIME-VARYING VOLATILITY SPILLOVER BETWEEN BITCOIN AND COMMODITIES. Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi:66, pages 29-35.
Crossref
Syed Ali Raza, Larisa Yarovaya, Khaled Guesmi & Nida Shah. (2022) Google Trends and cryptocurrencies: a nonparametric causality-in-quantiles analysis. International Journal of Emerging Markets 18:12, pages 5972-5989.
Crossref
Bashige Musholombo. (2023) Cryptocurrencies and stock market fluctuations. Economics Letters 233, pages 111427.
Crossref
Walter Bazán-Palomino. (2023) The increased interest in Bitcoin and the immediate and long-term impact of Bitcoin volatility on global stock markets. Economic Analysis and Policy 80, pages 1080-1095.
Crossref
Sasan Barak & Navid Parvini. (2023) Transfer‐entropy‐based dynamic feature selection for evaluating Bitcoin price drivers. Journal of Futures Markets 43:12, pages 1695-1726.
Crossref
Roberto Cellini, Tiziana Cuccia & Johan Lyrvall. (2023) On the price dynamics of non-fungible tokens: The ‘Bored Apes’ case. PLOS ONE 18:11, pages e0287881.
Crossref
Nikolaos A. Kyriazis, Stephanos Papadamou & Panayiotis Tzeremes. (2023) Are benchmark stock indices, precious metals or cryptocurrencies efficient hedges against crises?. Economic Modelling 128, pages 106502.
Crossref
Emon Kalyan Chowdhury & Umme Humaira. (2023) Transformation of investor attitude towards financial markets: A perspective on the Russia–Ukraine conflict. International Social Science Journal.
Crossref
Brian Lucey & Boru Ren. (2023) Time-varying tail risk connectedness among sustainability-related products and fossil energy investments. Energy Economics 126, pages 106812.
Crossref
Yi Zhang, Long Zhou, Yuxue Li & Fang Liu. (2023) Higher-order moment nexus between the US Dollar, crude oil, gold, and bitcoin. The North American Journal of Economics and Finance 68, pages 101998.
Crossref
Imran Yousaf, Mariya Gubareva & Tamara Teplova. (2023) Connectedness of non-fungible tokens and conventional cryptocurrencies with metals. The North American Journal of Economics and Finance 68, pages 101995.
Crossref
Inés Jiménez, Andrés Mora-Valencia & Javier Perote. (2023) Multivariate dynamics between emerging markets and digital asset markets: An application of the SNP-DCC model. Emerging Markets Review 56, pages 101054.
Crossref
Onur Polat. (2023) Dynamic interlinkages between cryptocurrencies, NFTs, and DeFis and optimal portfolio investment strategies. China Finance Review International.
Crossref
Mortaza OJAGHLOU & Özge DEMİRKALE. (2023) BİTCOİN İLE BORSA ENDEKSLERİ VE SEÇİLİ FİNANSAL VARLIKLAR ARASINDAKİ UZUN DÖNEM ASİMETRİK İLİŞKİSİ: KIRILGAN BEŞLİ ÜLKELER ÖRNEĞİLONG-TERM ASYMMETRIC RELATIONSHIP BETWEEN BITCOIN AND STOCK INDEXES AND SELECTED FINANCIAL ASSETS: THE EXAMPLE OF FRAGILE FIVE COUNTRIES. Abant Sosyal Bilimler Dergisi 23:2, pages 1046-1065.
Crossref
Nesrine Dardouri, Abdelkader Aguir & Mounir Smida. (2023) The Effect of COVID-19 Transmission on Cryptocurrencies. Risks 11:8, pages 139.
Crossref
Mingzhe Wei, Ioannis Kyriakou, Georgios Sermpinis & Charalampos Stasinakis. (2023) Cryptocurrencies and Lucky Factors: The value of technical and fundamental analysis. International Journal of Finance & Economics.
Crossref
Hongjun Zeng & Abdullahi D. Ahmed. (2022) Market integration and volatility spillover across major East Asian stock and Bitcoin markets: an empirical assessment. International Journal of Managerial Finance 19:4, pages 772-802.
Crossref
Rim El Khoury, Muneer M. Alshater & Yanshuang Li. (2023) Multidimensional connectedness among the fourth industrial revolution assets. Borsa Istanbul Review 23:4, pages 953-979.
Crossref
Mobeen Ur Rehman, Paraskevi Katsiampa, Rami Zeitun & Xuan Vinh Vo. (2023) Conditional dependence structure and risk spillovers between Bitcoin and fiat currencies. Emerging Markets Review 55, pages 100966.
Crossref
Tzu-Kuang Hsu, Wan-Chu Lien & Yao-Hsien Lee. (2023) Exploring Relationships among Crude Oil, Bitcoin, and Carbon Dioxide Emissions: Quantile Mediation Analysis. Processes 11:5, pages 1555.
Crossref
Maruf Yakubu Ahmed, Samuel Asumadu Sarkodie & Thomas Leirvik. (2023) Mutual coupling between stock market and cryptocurrencies. Heliyon 9:5, pages e16179.
Crossref
Mohammad Hossein Ronaghi. (2022) A contextualized study of blockchain technology adoption as a digital currency platform under sanctions. Management Decision 61:5, pages 1352-1373.
Crossref
Najeh Chaâbane & Anas Elmalki. 2023. Handbook of Research on Blockchain Technology and the Digitalization of the Supply Chain. Handbook of Research on Blockchain Technology and the Digitalization of the Supply Chain 346 363 .
Leon Li & Carl R Chen. (2023) When Safe-Haven Asset Is Less than a Safe-Haven Play. Journal of Financial Econometrics.
Crossref
Wicaksono Ahmad Tibrizi Soni, Mufraini Arief, Miranti Titis & Muttaqien Muhammad Khaerul. (2023) Bitcoin Vs Gold: Which One is the Most Powerful in Boosting the Shariah Equity Index? Global Evidence. Studies in Business and Economics 18:1, pages 5-36.
Crossref
Goodness C. Aye, Riza Demirer, Rangan Gupta & Jacobus Nel. (2023) The pricing implications of cryptocurrency mining on global electricity markets: Evidence from quantile causality tests. Journal of Cleaner Production 397, pages 136572.
Crossref
Arshian Sharif, Mariem Brahim, Eyup Dogan & Panayiotis Tzeremes. (2023) Analysis of the spillover effects between green economy, clean and dirty cryptocurrencies. Energy Economics 120, pages 106594.
Crossref
José Almeida & Tiago Cruz Gonçalves. (2023) A systematic literature review of investor behavior in the cryptocurrency markets. Journal of Behavioral and Experimental Finance 37, pages 100785.
Crossref
Chuanhai Zhang, Huan Ma, Gideon Bruce Arkorful & Zhe Peng. (2023) The impacts of futures trading on volatility and volatility asymmetry of Bitcoin returns. International Review of Financial Analysis 86, pages 102497.
Crossref
John W. Goodell, Ilan Alon, Laura Chiaramonte, Alberto Dreassi, Andrea Paltrinieri & Stefano Piserà. (2023) Risk substitution in cryptocurrencies: Evidence from BRICS announcements. Emerging Markets Review 54, pages 100938.
Crossref
Shaen Corbet, John W. Goodell, Samet Gunay & Kerem Kaskaloglu. (2023) Are DeFi tokens a separate asset class from conventional cryptocurrencies?. Annals of Operations Research 322:2, pages 609-630.
Crossref
Sivaprakkash S. & Vevek S.. 2023. Emerging Insights on the Relationship Between Cryptocurrencies and Decentralized Economic Models. Emerging Insights on the Relationship Between Cryptocurrencies and Decentralized Economic Models 29 43 .
Md Hakim Ali, Christophe Schinckus, Md Akther Uddin & Saeed Pahlevansharif. (2022) Asymmetric effects of economic policy uncertainty on Bitcoin’s hedging power. Studies in Economics and Finance 40:2, pages 213-229.
Crossref
Chuanhai Zhang, Zhengjun Zhang, Mengyu Xu & Zhe Peng. (2023) Good and bad self-excitation: Asymmetric self-exciting jumps in Bitcoin returns. Economic Modelling 119, pages 106124.
Crossref
Mehmet Balcilar & Huseyin Ozdemir. (2023) On the Risk Spillover from Bitcoin to Altcoins: The Fear of Missing Out and Pump-and-Dump Scheme Effects. Journal of Risk and Financial Management 16:1, pages 41.
Crossref
Rui Zha, Lean Yu, Yi Su & Hang Yin. (2023) Dependences and risk spillover effects between Bitcoin, crude oil and other traditional financial markets during the COVID-19 outbreak. Environmental Science and Pollution Research 30:14, pages 40737-40751.
Crossref
Srishti Jain, Ritika Grover, Aditya Vikram & Sandeep Goel. (2023) Cryptoverse and its Unflinching Cog of Fickleness. Orissa Journal of Commerce 44:1, pages 1-14.
Crossref
Meng Fan & Jinping Dai. (2023) Monetary attribute of stablecoins: A theoretical and empirical test. National Accounting Review 5:3, pages 261-281.
Crossref
Yang Zhou, Chi Xie, Gang-Jin Wang, You Zhu & Gazi Salah Uddin. (2023) Analysing and forecasting co-movement between innovative and traditional financial assets based on complex network and machine learning. Research in International Business and Finance 64, pages 101846.
Crossref
Ping Li, Jiahong Li, Lixin Huang & Zhenyu Cui. (2023) Volatility Spillovers between Bitcoin and Chinese Financial Markets. Procedia Computer Science 221, pages 1474-1484.
Crossref
Leon Li & Peter Miu. (2023) Are cryptocurrencies a safe haven for stock investors? A regime-switching approach. Journal of Empirical Finance 70, pages 367-385.
Crossref
Yingying Huang, Kun Duan & Andrew Urquhart. (2023) Time-varying dependence between Bitcoin and green financial assets: A comparison between pre- and post-COVID-19 periods. Journal of International Financial Markets, Institutions and Money 82, pages 101687.
Crossref
Samrat Ray, Elena V. Korchagina, Andrey E. Druzhinin, Vladislav V. Sokolovskiy & Pavel M. Kornev. 2023. Digital Transformation on Manufacturing, Infrastructure & Service. Digital Transformation on Manufacturing, Infrastructure & Service 621 638 .
Nupur Gupta, Pradip Mitra & Debjani Banerjee. (2022) Cryptocurrencies and traditional assets: Decoding the analogy from emerging economies with crypto usage. Investment Management and Financial Innovations 20:1, pages 1-13.
Crossref
Gülin VARDAR, Caner TAÇOĞLU & Berna AYDOĞAN. (2022) Quantifying Return and Volatility Spillovers among Major Cryptocurrencies: A VAR-BEKK-GARCH AnalysisÖnde Gelen Kriptopara Birimleri Arasında Getiri ve Oynaklık Yayılımlarının Ölçülmesi: VAR-BEKK-GARCH Analizi. Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi 17:3, pages 911-933.
Crossref
Nikolaos Giannellis. (2022) Cryptocurrency market connectedness in Covid-19 days and the role of Twitter: Evidence from a smooth transition regression model. Research in International Business and Finance 63, pages 101801.
Crossref
Shaobo Long & Jiaqi Guo. (2022) Infectious disease equity market volatility, geopolitical risk, speculation, and commodity returns: Comparative analysis of five epidemic outbreaks. Research in International Business and Finance 62, pages 101689.
Crossref
Sofiane Aboura. (2022) A note on the Bitcoin and Fed Funds rate. Empirical Economics 63:5, pages 2577-2603.
Crossref
Christy Dwita Mariana, Irwan Adi Ekaputra, Zaäfri Ananto Husodo & Dewi Tamara. 2022. Handbook of Research on Cybersecurity Issues and Challenges for Business and FinTech Applications. Handbook of Research on Cybersecurity Issues and Challenges for Business and FinTech Applications 426 448 .
Yaning Han. (2022) The Impact of Macro Regulatory on Cryptocurrency Fluctuation: Evidence from China and the US. BCP Business & Management 28, pages 248-255.
Crossref
Mehmet Balcilar, Huseyin Ozdemir & Busra Agan. (2022) Effects of COVID-19 on cryptocurrency and emerging market connectedness: Empirical evidence from quantile, frequency, and lasso networks. Physica A: Statistical Mechanics and its Applications 604, pages 127885.
Crossref
Seyed Alireza Athari & Ngo Thai Hung. (2022) Time–frequency return co-movement among asset classes around the COVID-19 outbreak: portfolio implications. Journal of Economics and Finance 46:4, pages 736-756.
Crossref
Achraf Ghorbel, Wajdi Frikha & Yasmine Snene Manzli. (2022) Testing for asymmetric non-linear short- and long-run relationships between crypto-currencies and stock markets. Eurasian Economic Review 12:3, pages 387-425.
Crossref
Amirreza Attarzadeh & Mehmet Balcilar. (2022) On the dynamic return and volatility connectedness of cryptocurrency, crude oil, clean energy, and stock markets: a time-varying analysis. Environmental Science and Pollution Research 29:43, pages 65185-65196.
Crossref
Feng Jin, Jingwei Li & Guangchen Li. (2022) Modeling the Linkages between Bitcoin, Gold, Dollar, Crude Oil, and Stock Markets: A GARCH-EVT-Copula Approach. Discrete Dynamics in Nature and Society 2022, pages 1-10.
Crossref
Yu Yan, Yiming Lei & Yiming Wang. (2022) Bitcoin as a Safe-Haven Asset and a Medium of Exchange. Axioms 11:8, pages 415.
Crossref
Bin Mo, Juan Meng & Liping Zheng. (2022) Time and frequency dynamics of connectedness between cryptocurrencies and commodity markets. Resources Policy 77, pages 102731.
Crossref
Son Duy Pham, Thao Thac Thanh Nguyen & Hung Xuan Do. (2022) Dynamic volatility connectedness between thermal coal futures and major cryptocurrencies: Evidence from China. Energy Economics 112, pages 106114.
Crossref
Seyram Pearl Kumah & Jones Odei Mensah. (2020) Are cryptocurrencies connected to gold? A wavelet‐based quantile‐in‐quantile approach. International Journal of Finance & Economics 27:3, pages 3640-3659.
Crossref
Tuğrul KANDEMİR & Halilibrahim GÖKGÖZ. (2022) BİTCOİN, EMTİALAR İÇİN ÇEŞİTLENDİRİCİDEN FAZLASI MI? ARALIĞA DAYALI cDCC-GARCH İLE ANALİZİIS BITCOIN MORE THAN A DIVERSIFIER FOR COMMODITIES? RANGE-BASED ANALYSIS VIA cDCC-GARCH. Finans Ekonomi ve Sosyal Araştırmalar Dergisi 7:2, pages 227-240.
Crossref
Lennart Ante. (2022) The Non-Fungible Token (NFT) Market and Its Relationship with Bitcoin and Ethereum. FinTech 1:3, pages 216-224.
Crossref
Yosuke Kakinuma. (2021) Nexus between Southeast Asian stock markets, bitcoin and gold: spillover effect before and during the COVID-19 pandemic. Journal of Asia Business Studies 16:4, pages 693-711.
Crossref
Qiang JiRonald D. RippleDayong ZhangYuqian Zhao. (2022) Cryptocurrency Bubble on the Systemic Risk in Global Energy Companies. The Energy Journal 43:1_suppl, pages 1-24.
Crossref
Konstantinos Gkillas, Elie Bouri, Rangan Gupta & David Roubaud. (2022) Spillovers in Higher-Order Moments of Crude Oil, Gold, and Bitcoin. The Quarterly Review of Economics and Finance 84, pages 398-406.
Crossref
Boru Ren & Brian Lucey. (2022) A clean, green haven?—Examining the relationship between clean energy, clean and dirty cryptocurrencies. Energy Economics 109, pages 105951.
Crossref
Navid Parvini, Mahsa Abdollahi, Sattar Seifollahi & Davood Ahmadian. (2022) Forecasting Bitcoin returns with long short-term memory networks and wavelet decomposition: A comparison of several market determinants. Applied Soft Computing 121, pages 108707.
Crossref
Takuji Kinkyo. (2020) Hedging capabilities of Bitcoin for Asian currencies. International Journal of Finance & Economics 27:2, pages 1769-1784.
Crossref
Ekrem Tufan, Bahattin Hamarat & Aykut Yalvaç. (2022) Interrelation of Bitcoin and Some Traditional Assets. Scientific Annals of Economics and Business 69:1, pages 145-162.
Crossref
Ngo Thai Hung. (2022) Asymmetric connectedness among S&P 500, crude oil, gold and Bitcoin. Managerial Finance 48:4, pages 587-610.
Crossref
Prashant Joshi, Jinghua Wang & Michael Busler. (2022) A Study of the Machine Learning Approach and the MGARCH-BEKK Model in Volatility Transmission. Journal of Risk and Financial Management 15:3, pages 116.
Crossref
Mina Sami & Wael Abdallah. (2022) Does Cryptocurrency Hurt African Firms?. Risks 10:3, pages 53.
Crossref
Seyram Pearl Kumah & Jones Odei-Mensah. (2021) Can altcoins become viable alternatives to African fiat currencies?. International Journal of Development Issues 21:1, pages 24-53.
Crossref
Berna Aydoğan, Gülin Vardar & Caner Taçoğlu. (2022) Volatility spillovers among G7, E7 stock markets and cryptocurrencies. Journal of Economic and Administrative Sciences.
Crossref
Nicole Horta, Rui Dias, Catarina Revez, Paulo Alexandre & Paula Heliodoro. (2022) Cryptocurrencies and G7 capital markets integrate in periods of extreme volatility?. Journal of Process Management and New Technologies 10:3-4, pages 121-130.
Crossref
Noureddine Benlagha & Wael Hemrit. (2021) Does economic policy uncertainty matter to explain connectedness within the international sovereign bond yields?. Journal of Economics and Finance 46:1, pages 1-21.
Crossref
Muhammad Owais Qarni & Saiqb Gulzar. (2021) Portfolio diversification benefits of alternative currency investment in Bitcoin and foreign exchange markets. Financial Innovation 7:1.
Crossref
Peijin Wang, Hongwei Zhang, Cai Yang & Yaoqi Guo. (2021) Time and frequency dynamics of connectedness and hedging performance in global stock markets: Bitcoin versus conventional hedges. Research in International Business and Finance 58, pages 101479.
Crossref
Shuai Zhang, Xinyu Hou & Shusong Ba. (2021) What determines interest rates for bitcoin lending?. Research in International Business and Finance 58, pages 101443.
Crossref
Mei-Yin Lin & Che-Lun An. (2021) The relationship between Bitcoin and resource commodity futures: Evidence from NARDL approach. Resources Policy 74, pages 102383.
Crossref
Mohammed M. Elgammal, Walid M.A. Ahmed & Abdullah Alshami. (2021) Price and volatility spillovers between global equity, gold, and energy markets prior to and during the COVID-19 pandemic. Resources Policy 74, pages 102334.
Crossref
Walid M.A. Ahmed. (2021) How do Islamic equity markets respond to good and bad volatility of cryptocurrencies? The case of Bitcoin. Pacific-Basin Finance Journal 70, pages 101667.
Crossref
Axel Ebers & Stephan L. Thomsen. (2021) How do warnings affect retail demand for Bitcoin? Evidence from an international survey experiment. Journal of Behavioral and Experimental Finance 32, pages 100567.
Crossref
Sayar Karmakar, Riza Demirer & Rangan Gupta. (2021) Bitcoin mining activity and volatility dynamics in the power market. Economics Letters 209, pages 110111.
Crossref
Fabian Woebbeking. (2021) Cryptocurrency volatility markets. Digital Finance 3:3-4, pages 273-298.
Crossref
Jihed Majdoub, Salim Ben Sassi & Azza Bejaoui. (2021) Can fiat currencies really hedge Bitcoin? Evidence from dynamic short-term perspective. Decisions in Economics and Finance 44:2, pages 789-816.
Crossref
Mahdi Ghaemi Asl, Muhammad Mahdi Rashidi & Seyed Ali Hosseini Ebrahim Abad. (2021) Emerging digital economy companies and leading cryptocurrencies: insights from blockchain-based technology companies. Journal of Enterprise Information Management 34:5, pages 1506-1550.
Crossref
Laura Levulytė & Alfreda Šapkauskienė. (2021) Cryptocurrency in context of fiat money functions. The Quarterly Review of Economics and Finance 82, pages 44-54.
Crossref
Emmanuel Asafo-Adjei, Peterson Owusu Junior & Anokye M. Adam. (2021) Information Flow between Global Equities and Cryptocurrencies: A VMD-Based Entropy Evaluating Shocks from COVID-19 Pandemic. Complexity 2021, pages 1-25.
Crossref
Mohammed Sawkat Hossain. (2021) What do we know about cryptocurrency? Past, present, future. China Finance Review International 11:4, pages 552-572.
Crossref
Lee A. Smales. (2021) Volatility Spillovers among Cryptocurrencies. Journal of Risk and Financial Management 14:10, pages 493.
Crossref
Yao Yue, Xuerong Li, Dingxuan Zhang & Shouyang Wang. (2021) How cryptocurrency affects economy? A network analysis using bibliometric methods. International Review of Financial Analysis 77, pages 101869.
Crossref
Rafael Baptista Palazzi, Gerson de Souza Raimundo Júnior & Marcelo Cabus Klotzle. (2021) The dynamic relationship between bitcoin and the foreign exchange market: A nonlinear approach to test causality between bitcoin and currencies. Finance Research Letters 42, pages 101893.
Crossref
Jiang Yu, Yue Shang & Xiafei Li. (2021) Dependence and Risk Spillover among Hedging Assets: Evidence from Bitcoin, Gold, and USD. Discrete Dynamics in Nature and Society 2021, pages 1-20.
Crossref
Seyram Pearl Kumah & Jones Odei-Mensah. (2021) Are Cryptocurrencies and African stock markets integrated?. The Quarterly Review of Economics and Finance 81, pages 330-341.
Crossref
Darko Vukovic, Moinak Maiti, Zoran Grubisic, Elena Grigorieva & Michael Frömmel. (2021) COVID-19 Pandemic: Is the Crypto Market a Safe Haven? The Impact of the First Wave. Sustainability 13:15, pages 8578.
Crossref
Ngo Thai Hung. (2021) Co-movements between Bitcoin and other asset classes in India. Journal of Indian Business Research 13:2, pages 270-288.
Crossref
Parthajit Kayal & G. Balasubramanian. (2021) Excess Volatility in Bitcoin: Extreme Value Volatility Estimation. IIM Kozhikode Society & Management Review 10:2, pages 222-231.
Crossref
Walid M.A. Ahmed. (2021) Stock market reactions to upside and downside volatility of Bitcoin: A quantile analysis. The North American Journal of Economics and Finance 57, pages 101379.
Crossref
Elie Bouri, Chi Keung Marco Lau, Tareq Saeed, Shixuan Wang & Yuqian Zhao. (2021) On the intraday return curves of Bitcoin: Predictability and trading opportunities. International Review of Financial Analysis 76, pages 101784.
Crossref
Samet Gunay, Kerem Kaskaloglu & Shahnawaz Muhammed. (2021) Bitcoin and Fiat Currency Interactions: Surprising Results from Asian Giants. Mathematics 9:12, pages 1395.
Crossref
M. I. Stolbov. (2021) The global financial cycle: Notion, empirical evidence and policy implications. Voprosy Ekonomiki:5, pages 43-56.
Crossref
IMRAN YOUSAF & SHOAIB ALI. (2021) LINKAGES BETWEEN STOCK AND CRYPTOCURRENCY MARKETS DURING THE COVID-19 OUTBREAK: AN INTRADAY ANALYSIS. The Singapore Economic Review, pages 1-20.
Crossref
Oluwasegun B. Adekoya & Johnson A. Oliyide. (2021) How COVID-19 drives connectedness among commodity and financial markets: Evidence from TVP-VAR and causality-in-quantiles techniques. Resources Policy 70, pages 101898.
Crossref
Rahma Chemkha, Ahmed BenSaïda & Ahmed Ghorbel. (2021) Connectedness between cryptocurrencies and foreign exchange markets: Implication for risk management. Journal of Multinational Financial Management 59, pages 100666.
Crossref
Kim Hung Pho, Sel Ly, Richard Lu, Thi Hong Van Hoang & Wing-Keung Wong. (2021) Is Bitcoin a better portfolio diversifier than gold? A copula and sectoral analysis for China. International Review of Financial Analysis 74, pages 101674.
Crossref
Walid M.A. Ahmed & Mustafa Al Mafrachi. (2021) Do higher-order realized moments matter for cryptocurrency returns?. International Review of Economics & Finance 72, pages 483-499.
Crossref
Muhammad Umar, Syed Kumail Abbas Rizvi & Bushra Naqvi. (2021) Dance with the devil? The nexus of fourth industrial revolution, technological financial products and volatility spillovers in global financial system. Technological Forecasting and Social Change 163, pages 120450.
Crossref
A. Hachicha & F. Hachicha. (2020) Analysis of the bitcoin stock market indexes using comparative study of two models SV with MCMC algorithm. Review of Quantitative Finance and Accounting 56:2, pages 647-673.
Crossref
Erdinc Akyildirim, Ahmet Goncu & Ahmet Sensoy. (2020) Prediction of cryptocurrency returns using machine learning. Annals of Operations Research 297:1-2, pages 3-36.
Crossref
Siwen Zhou. (2019) Exploring the driving forces of the Bitcoin currency exchange rate dynamics: an EGARCH approach. Empirical Economics 60:2, pages 557-606.
Crossref
Hechem Ajmi & Nadia Arfaoui. (2020) Effects of the political risk on Bitcoin return and volatility: evidence from the 2016 US presidential election. Journal of Financial Economic Policy 13:1, pages 94-115.
Crossref
Yue-Jun Zhang, Elie Bouri, Rangan Gupta & Shu-Jiao Ma. (2021) Risk spillover between Bitcoin and conventional financial markets: An expectile-based approach. The North American Journal of Economics and Finance 55, pages 101296.
Crossref
Najaf Iqbal, Zeeshan Fareed, Guangcai Wan & Farrukh Shahzad. (2021) Asymmetric nexus between COVID-19 outbreak in the world and cryptocurrency market. International Review of Financial Analysis 73, pages 101613.
Crossref
Zaghum Umar, Nader Trabelsi & Faisal Alqahtani. (2021) Connectedness between cryptocurrency and technology sectors: International evidence. International Review of Economics & Finance 71, pages 910-922.
Crossref
Qiuhua Xu, Yixuan Zhang & Ziyang Zhang. (2021) Tail-risk spillovers in cryptocurrency markets. Finance Research Letters 38, pages 101453.
Crossref
Qiang Ji, Elie Bouri, Ladislav Kristoufek & Brian Lucey. (2021) Realised volatility connectedness among Bitcoin exchange markets. Finance Research Letters 38, pages 101391.
Crossref
Thabo J. Gopane. 2021. Digital Economy. Emerging Technologies and Business Innovation. Digital Economy. Emerging Technologies and Business Innovation 104 117 .
Laura Garcia-Jorcano & Sonia Benito. (2020) Studying the properties of the Bitcoin as a diversifying and hedging asset through a copula analysis: Constant and time-varying. Research in International Business and Finance 54, pages 101300.
Crossref
Yitong Hu, Xiao Li & Dehua Shen. (2020) Attention allocation and international stock return comovement: Evidence from the Bitcoin market. Research in International Business and Finance 54, pages 101286.
Crossref
Saba Qureshi, Muhammad Aftab, Elie Bouri & Tareq Saeed. (2020) Dynamic interdependence of cryptocurrency markets: An analysis across time and frequency. Physica A: Statistical Mechanics and its Applications 559, pages 125077.
Crossref
Khaled Mokni, Ahdi Noomen Ajmi, Elie Bouri & Xuan Vinh Vo. (2020) Economic policy uncertainty and the Bitcoin-US stock nexus. Journal of Multinational Financial Management 57-58, pages 100656.
Crossref
Christian Urom, Ilyes Abid, Khaled Guesmi & Julien Chevallier. (2020) Quantile spillovers and dependence between Bitcoin, equities and strategic commodities. Economic Modelling 93, pages 230-258.
Crossref
Serda Selin Ozturk. (2020) Dynamic Connectedness between Bitcoin, Gold, and Crude Oil Volatilities and Returns. Journal of Risk and Financial Management 13:11, pages 275.
Crossref
Md. Jamal Hossain, Mohd Tahir Ismail, Sadia Akter & Mohammad Raquibul Hossain. (2020) Which will serve better as a hedge or diversifier Gold or Bitcoin?. Which will serve better as a hedge or diversifier Gold or Bitcoin?.
MUHAMMAD UMAR, NGO THAI HUNG, SHIHUA CHEN, AMJAD IQBAL & KHALIL JEBRAN. (2020) ARE STOCK MARKETS AND CRYPTOCURRENCIES CONNECTED?. The Singapore Economic Review, pages 1-16.
Crossref
Şahin Telli & Hongzhuan Chen. (2020) Structural breaks and trend awareness-based interaction in crypto markets. Physica A: Statistical Mechanics and its Applications 558, pages 124913.
Crossref
Toan Luu Duc Huynh, Erik Hille & Muhammad Ali Nasir. (2020) Diversification in the age of the 4th industrial revolution: The role of artificial intelligence, green bonds and cryptocurrencies. Technological Forecasting and Social Change 159, pages 120188.
Crossref
Walid Mensi, Mobeen Ur Rehman, Debasish Maitra, Khamis Hamed Al-Yahyaee & Ahmet Sensoy. (2020) Does bitcoin co-move and share risk with Sukuk and world and regional Islamic stock markets? Evidence using a time-frequency approach. Research in International Business and Finance 53, pages 101230.
Crossref
Štefan Lyócsa, Peter Molnár, Tomáš Plíhal & Mária Širaňová. (2020) Impact of macroeconomic news, regulation and hacking exchange markets on the volatility of bitcoin. Journal of Economic Dynamics and Control 119, pages 103980.
Crossref
Shaen Corbet, Paraskevi Katsiampa & Chi Keung Marco Lau. (2020) Measuring quantile dependence and testing directional predictability between Bitcoin, altcoins and traditional financial assets. International Review of Financial Analysis 71, pages 101571.
Crossref
Şahin Telli & Hongzhuan Chen. (2020) Multifractal behavior in return and volatility series of Bitcoin and gold in comparison. Chaos, Solitons & Fractals 139, pages 109994.
Crossref
Md Akther Uddin, Md Hakim Ali & Mansur Masih. (2020) Bitcoin—A hype or digital gold? Global evidence. Australian Economic Papers 59:3, pages 215-231.
Crossref
Ahmed Atil, Kishwar Nawaz, Amine Lahiani & David Roubaud. (2020) Are natural resources a blessing or a curse for financial development in Pakistan? The importance of oil prices, economic growth and economic globalization. Resources Policy 67, pages 101683.
Crossref
Ting Zeng, Mengying Yang & Yifan Shen. (2020) Fancy Bitcoin and conventional financial assets: Measuring market integration based on connectedness networks. Economic Modelling 90, pages 209-220.
Crossref
Zhenghui Li, Yan Wang & Zhehao Huang. (2020) Risk Connectedness Heterogeneity in the Cryptocurrency Markets. Frontiers in Physics 8.
Crossref
Benjamin Schellinger. (2020) Optimization of special cryptocurrency portfolios. The Journal of Risk Finance 21:2, pages 127-157.
Crossref
Chamil W. Senarathne & Wei Jianguo. (2020) Volatility Spillovers between US Banking Industry and Bitcoin Market. Volatility Spillovers between US Banking Industry and Bitcoin Market.
David Iheke Okorie & Boqiang Lin. (2020) Crude oil price and cryptocurrencies: Evidence of volatility connectedness and hedging strategy. Energy Economics 87, pages 104703.
Crossref
Reilly White, Yorgos Marinakis, Nazrul Islam & Steven Walsh. (2020) Is Bitcoin a currency, a technology-based product, or something else?. Technological Forecasting and Social Change 151, pages 119877.
Crossref
Maurice Omane-Adjepong, Kofi Agyarko Ababio & Imhotep Paul Alagidede. (2019) Time-frequency analysis of behaviourally classified financial asset markets. Research in International Business and Finance 50, pages 54-69.
Crossref
Kazeem O. Isah & Ibrahim D. Raheem. (2019) The hidden predictive power of cryptocurrencies and QE: Evidence from US stock market. Physica A: Statistical Mechanics and its Applications 536, pages 121032.
Crossref
Josef Kurka. (2019) Do cryptocurrencies and traditional asset classes influence each other?. Finance Research Letters 31, pages 38-46.
Crossref
Gang-Jin Wang, Chi Xie, Danyan Wen & Longfeng Zhao. (2019) When Bitcoin meets economic policy uncertainty (EPU): Measuring risk spillover effect from EPU to Bitcoin. Finance Research Letters 31.
Crossref
Nikolaos A. Kyriazis. (2019) A Survey on Empirical Findings about Spillovers in Cryptocurrency Markets. Journal of Risk and Financial Management 12:4, pages 170.
Crossref
Gulin Vardar & Berna Aydogan. (2019) Return and volatility spillovers between Bitcoin and other asset classes in Turkey. EuroMed Journal of Business 14:3, pages 209-220.
Crossref
Gangjin Wang, Yanping Tang, Chi Xie & Shou Chen. (2019) Is bitcoin a safe haven or a hedging asset? Evidence from China. Journal of Management Science and Engineering 4:3, pages 173-188.
Crossref
Agata Kliber, Paweł Marszałek, Ida Musiałkowska & Katarzyna Świerczyńska. (2019) Bitcoin: Safe haven, hedge or diversifier? Perception of bitcoin in the context of a country’s economic situation — A stochastic volatility approach. Physica A: Statistical Mechanics and its Applications 524, pages 246-257.
Crossref
Qiang Ji, Elie Bouri, David Roubaud & Ladislav Kristoufek. (2019) Information interdependence among energy, cryptocurrency and major commodity markets. Energy Economics 81, pages 1042-1055.
Crossref
Mikhail I. Stolbov. (2019) The 10th anniversary of the cryptocurrency market: Its current state and prospects. Voprosy Ekonomiki:5, pages 136-148.
Crossref
Toan Luu Duc Huynh. (2019) Spillover Risks on Cryptocurrency Markets: A Look from VAR-SVAR Granger Causality and Student’s-t Copulas. Journal of Risk and Financial Management 12:2, pages 52.
Crossref
Shuyue Yi, Zishuang Xu & Gang-Jin Wang. (2018) Volatility connectedness in the cryptocurrency market: Is Bitcoin a dominant cryptocurrency?. International Review of Financial Analysis 60, pages 98-114.
Crossref
Frode Kjærland, Aras Khazal, Erlend Krogstad, Frans Nordstrøm & Are Oust. (2018) An Analysis of Bitcoin’s Price Dynamics. Journal of Risk and Financial Management 11:4, pages 63.
Crossref
Jiahong Li & Ping Li. (2021) Volatility Spillovers between Bitcoin and Chinese Economic and Financial Markets. SSRN Electronic Journal.
Crossref
Fabian Woebbeking. (2020) Cryptocurrency Volatility Markets. SSRN Electronic Journal.
Crossref
Carol Alexander & Arben Imeraj. (2019) Introducing the BITIX: The Bitcoin Fear Gauge. SSRN Electronic Journal.
Crossref

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.