2020
DOI: 10.2139/ssrn.3586511
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The Effects of a 'Black Swan' Event (COVID-19) on Herding Behavior in Cryptocurrency Markets: Evidence from Cryptocurrency USD, EUR, JPY and KRW Markets

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Cited by 76 publications
(62 citation statements)
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“…Other studies investigate herding in the stock and the cryptocurrency markets. While, Yarovaya (2020) finds no evidence of increased herding in the cryptocurrency markets during the COVID-19 period, Kizys et al (2020) show that regulatory restrictions implemented by regulators reduce investor herding in international stock markets during the pandemic. Thus, this paper aims to complement the embryonic literature on COVID-19 by discussing the actions undertaken by governments and bank prudential regulators to lessen the economic fallout from the pandemic and maintain the supply of credit.…”
Section: Insert Figure [1] Around Herementioning
confidence: 99%
“…Other studies investigate herding in the stock and the cryptocurrency markets. While, Yarovaya (2020) finds no evidence of increased herding in the cryptocurrency markets during the COVID-19 period, Kizys et al (2020) show that regulatory restrictions implemented by regulators reduce investor herding in international stock markets during the pandemic. Thus, this paper aims to complement the embryonic literature on COVID-19 by discussing the actions undertaken by governments and bank prudential regulators to lessen the economic fallout from the pandemic and maintain the supply of credit.…”
Section: Insert Figure [1] Around Herementioning
confidence: 99%
“…Recent research studies have emerged that involve the impact of COVID-19 on the financial market, including cryptocurrencies [1][2][3][4][5][6][7][8]. It was illustrated that Bitcoin is not a safe haven [1,2].…”
Section: Introductionmentioning
confidence: 99%
“…The co-movement between Bitcoin and daily data of COVID-19 world deaths is examined in [6]. The herding behavior in the cryptocurrency market has been explored in [7]. The association between the stock market volatility and policy responses to the COVID-19 outbreak is studied in [8].…”
Section: Introductionmentioning
confidence: 99%
“…Very recent papers examine the impact of COVID-19 across industries (Goodell and Huynh, 2020). Others are examining the impact of COVID-19 on herding behavior (Yarovaya, Matkovskyy, and Jalan, 2020) and examining co-movements across commodities, equities, and economic policy uncertainty (Aloui et al, 2020;Sharif, Aloui, and Yarovaya, 2020). Of particular relevance to this paper, others are examining the correlations, hedging, diversifying and safe haven properties of cryptocurrencies with respect to how previously identified relations have changed during the COVID-19 crisis Conlon, Corbet, and McGee, 2020;Goodell and Goutte, 2020).…”
Section: Introduction and Motivationsmentioning
confidence: 99%