Demystifying the Effect of the News (Shocks) on Crypto Market Volatility

Bhatnagar, Mukul; Taneja, Sanjay; Rupeika-Apoga, Ramona

doi:10.3390/jrfm16020136

Cited by 29 publications

(3 citation statements)

References 66 publications

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“…Asian citizens, on the other hand, are not so keen on this issue. In technologically developed Asian countries, such as Japan, citizens are more comfortable using new technology and better integrating digital skills into their daily lives [31,32].…”

Section: The Concept Of Problem Solvingmentioning

confidence: 99%

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A Sustainable Approach to Define Important Digital Skills of Digital Currency Users

Zervas,

Stiakakis,

Athanasiadis

et al. 2024

Preprint

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Nowadays, the transactions carried out with digital currencies are increasing. Citizens are asked to respond to growing challenges related to the sustainable management of digital currencies in their daily lives. However, due to the lack of digital skills of users, the sustainable management of digital currencies hides risks. The methodology of this study was based on the Digital Competence Framework for Citizens (DigComp) and is applied through a questionnaire completed by 443 respondents. The main objective was to evaluate their digital skills from the perspective of digital currency use. The analysis of the responses was carried out by using Structural Equation Modeling (SEM). The most important result from this research reveals that users of digital currencies are significantly capable of developing sustainable communication to solve everyday problems. At the same time, users of digital currencies mostly detect digital threats and effectively manage fake news without being affected by them. However, users of digital currencies consider that security issues are important, but only for transactions and not for their supporting functions. The study concludes with suggestions for improving the experience of digital currency users through individual actions, thus having a positive impact on the state and banking institutions.

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Section: The Concept Of Problem Solvingmentioning

confidence: 99%

“…In other countries there may be criminal prosecutions, while in countries with totalitarian regimes the penalties are really significant. In any case, citizens must acquire the skills to recognize truthful news from fake news [32].…”

Section: The Concept Of Information and Data Knowledgementioning

confidence: 99%

A Sustainable Approach to Define Important Digital Skills of Digital Currency Users

Zervas,

Stiakakis,

Athanasiadis

et al. 2024

Preprint

View full text Add to dashboard Cite

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“…In line with this, several scholars (Pacheco 2022;Inacio and David 2022;Le et al 2021;Jawadi et al 2020) evaluated the impact of market shock on oil price and oil-exporting countries. Similarly, market shock on the crypto-currency market (Bhatnagar et al 2023;Fernandes et al 2022;Agosto and Cafferata 2020;Ftiti et al 2021b) and exchange rate market (Narayan 2020(Narayan , 2022Jawadi et al 2019) has been well investigated in the literature from the classical approach of measuring volatility using univariate GARCH models (Alberg et al 2008;Teräsvirta 2009;Awartani and Corradi 2005;Franses and Van Dijk 1996) to modern methods (Bouzgarrou et al 2023) such as the NARDL model, vector machine model (Awijen et al 2023), quantile regression (Živkov et al 2020), and artificial neural networks (Sarfaraz et al 2023). The evaluation of different market shocks on financial markets is still continuing.…”

Section: Volatility In Emerging and Developed Marketsmentioning

confidence: 99%

Market Shocks and Stock Volatility: Evidence from Emerging and Developed Markets

Tabash,

Chalissery,

Nishad

et al. 2024

IJFS

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Market turbulences and their impact on the financial market, particularly on the stock market, is a financial topic that has received significant research attention recently. This study compared the characteristics of stock return and volatility in selected developed and emerging markets between the 2008 financial crisis and the 2019 worldwide pandemic. In this sense, we seek to answer two concerns. First, do the developed and emerging markets behave similarly during crisis periods? Second, does economic strength always shield markets from poor economic circumstances? For this purpose, the daily return data of E7 (Emerging 7) and G7 (Developed 7) countries for two sample periods—namely, the financial crisis period of 2007–2009 and the global pandemic period of 2019–2021—were chosen. By using univariate GARCH models, namely GARCH, EGARCH, and TGARCH, the study discovered that developing and developed markets reacted differently to these two financial crises. While emerging markets responded similarly to these two crises, developed economies acted differently, being more volatile and sensitive to the worldwide pandemic of 2019 than the financial crisis of 2008. Moreover, a country’s economic prowess does not always shield it from economic turmoil. This study will help investors identify diversification opportunities among the developed and emerging markets during a crisis period. Additionally, this will help portfolio and fund managers understand the behaviour of stock markets during times of market crisis and thus give advice to investors.

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The impact of cryptocurrency heists on Bitcoin's market efficiency

Li,

Manahov,

Ashton

2024

Int. J Fin Econ

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Within the adaptive market hypothesis (AMH) framework, this study explores the dynamic impact of cryptocurrency heists on Bitcoin's market efficiency. By analysing Bitcoin's one‐minute price data, we calculate permutation entropy to assess market disorder and employ the complexity‐entropy causality plane to quantify structural changes in the market. The analysis focuses on the market efficiency changes the day before, the day of, and the day after a heist, revealing that heists significantly disrupt market efficiency. Specifically, on the day of and following a heist, we observe a marked decrease in permutation entropy alongside a significant increase in complexity, indicating a notable decline in market efficiency. Further analysis shows that when a heist targets a specific token, this token draws investor attention, causing a less severe drop in Bitcoin's market efficiency, while the affected token's market efficiency drops more dramatically. These findings suggest that different token markets react differently to heists, and investors should consider adjusting their strategies to respond to these changes. For policymakers, the results highlight the critical need to enhance market stability and security through informed policy measures to mitigate the impact of such disruptive events.

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Demystifying the Effect of the News (Shocks) on Crypto Market Volatility

Cited by 29 publications

References 66 publications

A Sustainable Approach to Define Important Digital Skills of Digital Currency Users

A Sustainable Approach to Define Important Digital Skills of Digital Currency Users

Market Shocks and Stock Volatility: Evidence from Emerging and Developed Markets

The impact of cryptocurrency heists on Bitcoin's market efficiency

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