Cryptocurrencies and Blockchain Technology: Investigating the Relationship between Bitcoin and Financial Markets
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Tarih
2022
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Verlag Peter Lang AG
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
The main purpose of this study is to investigate both causality relationship and cointegration relationship between bitcoin and capital markets during the Covid-19 period. To probe the issue a dataset based on a total of eight capital markets and the Bitcoin weekly prices utilized together. Based on Granger causality test, it is found that there is one-way causality relationship from BTC to BOVESPA and from SHANGHAI to BTC. Moreover, the ARDL bounds test shows that Bitcoin has no significant relationship with capital markets in the long run. © Peter Lang GmbH.
Açıklama
Anahtar Kelimeler
ARDL Bounds Test, Blockchain Technology, Cryptocurrencies, Financial Markets, Granger Causality
Kaynak
Digital Challenges and Strategies in a Post-Pandemic World
