The relationship between cryptocurrencies and COVID-19 pandemic
| العنوان: | The relationship between cryptocurrencies and COVID-19 pandemic |
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| المؤلفون: | Aslı Cansın Doker, Gökhan Karabulut, Mehmet Huseyin Bilgin, Ender Demir |
| المصدر: | Eurasian Economic Review |
| بيانات النشر: | Springer International Publishing, 2020. |
| سنة النشر: | 2020 |
| مصطلحات موضوعية: | 2019-20 coronavirus outbreak, Cryptocurrency, Original Paper, Wavelet coherence, Coronavirus disease 2019 (COVID-19), Severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), COVID-19, Ethereum, Wavelet, Negative relationship, Statistics, Pandemic, Econometrics, Economics, Ripple, Hedge (finance), Bitcoin, Mathematics |
| الوصف: | We examine the relationship between cryptocurrencies (namely Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP)) and COVID-19 cases/deaths. This will help explore whether cryptocurrencies can serve as a hedge against COVID-19. The wavelet coherence analysis indicates that there is initially a negative relationship between Bitcoin and the number of reported cases and deaths; however, the relationship becomes positive during the later period. The findings for Ethereum and Ripple are also similar but with weaker interactions. This supports the hedging role of cryptocurrencies against the uncertainty raised by COVID-19. |
| اللغة: | English |
| تدمد: | 2147-429X 1309-422X |
| URL الوصول: | https://explore.openaire.eu/search/publication?articleId=doi_dedup___::0349a250056fcd914c1a365a6d0ce68f http://europepmc.org/articles/PMC7388435 |
| Rights: | OPEN |
| رقم الانضمام: | edsair.doi.dedup.....0349a250056fcd914c1a365a6d0ce68f |
| قاعدة البيانات: | OpenAIRE |
| تدمد: | 2147429X 1309422X |
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