Cryptocurrency and Financial System: Systematic Literature Review

Abstract

Cryptocurrencies are assets with transactions managed by new methods compared to traditional transactions mediated by Stock Exchanges. The insertion of these assets can change the economic system. The objective of the study is to analyze a set of articles published in international databases of scientific content on cryptocurrencies and the relations with the Stock Exchanges to understand the evolution of the theme over time. The consultation was carried out in the Scopus and Web of Science databases, where 196 articles were analyzed, these indicated learning algorithms, electronic trading, financial and digital markets thematic evolution. The main studies focused on investigating the behavior of cryptocurrencies in the face of market variables, cryptocurrencies as a safe haven or diversification, analysis of prices and the impact of emotional value on cryptocurrencies. The most relevant articles, the citations and co-citations network of these, provided insights into not yet known literature, such authors are Baur et al., 2018; Ji et al., 2020; Peng et al., 2018; Symitsi & Chalvatzis, 2019; Urquhart, 2017.