Contagion Effect in Cryptocurrency Market

Ferreira, Paulo; Pereira, Éder Johnson de Area Leão

doi:10.3390/jrfm12030115

Cited by 33 publications

(24 citation statements)

References 37 publications

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“…This paper contribute to the literature which found evidence of bubbles migration in regional housing markets in several countries, including the United States (Xie and Chen, 2015;Cohen andZabel, 2018), New Zealand (Greenaway-McGrevy andPhillips, 2016), Israel (Caspi, 2017), Canada (Rherrad et al, 2019(Rherrad et al, , 2020 and Chile (Gil-Alana et al, 2019). Other papers also found evidence of bubble migration between the stock and housing market (Balcilar et al, 2016;Deng et al, 2017;Hu and Oxley, 2018) and bubbles contagion in cryptocurrency markets (Fry and Cheah, 2016;Ferreira and Pereira, 2019).…”

Section: Introductionsupporting

confidence: 51%

Real Estate Bubbles and Contagion: Evidence from Selected European Countries

Bago

Rherrad

Akakpo

et al. 2021

REA

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Using quarterly housing price-to-rent ratios from 1970 to 2018, this paper investigated the presence of real estate bubbles at a national level in eight selected European countries, namely Belgium, France, Germany, Italy, the Netherlands, Portugal, Spain, and the United Kingdom. Then, we analyzed bubbles contagion among these countries. We applied the generalized sup ADF test developed by Phillips et al. (2015) to detect explosive behavior in house prices. Subsequently, we implemented the non-parametric model with time varying coefficients developed by Greenaway-McGrevy and Phillips (2016) to estimate bubbles contagion among European real estate markets. We found evidence of at least one historical bubble in all these countries, with Germany, the Netherlands, Portugal, and Spain currently experiencing a rising bubble. The results also suggest that bubbles are contagious between these real estate markets.

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Section: Introductionsupporting

confidence: 51%

Real Estate Bubbles and Contagion: Evidence from Selected European Countries

Bago

Rherrad

Akakpo

et al. 2021

REA

View full text Add to dashboard Cite

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“…They provide evidence that trading volume triggers extreme negative and positive effects of all currencies under scrutiny whereas only influences the volatility of Litecoin, Nem and Dash. Ferreira and Pereira (2019) examine the contagion effects in markets of virtual currencies by employing detrended cross-correlation analysis coefficients. They provide evidence that the contagion effect between Bitcoin and other digital coins has been more intense and that the digital currency market has been more integrated during bearish times.…”

Section: Literature Reviewmentioning

confidence: 99%

Which Cryptocurrencies Are Mostly Traded in Distressed Times?

Kyriazis

Prassa

2019

JRFM

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This paper investigates the level of liquidity of digital currencies during the very intense bearish phase in their markets. The data employed span the period from April 2018 until January 2019, which is the second phase of bearish times with almost constant decreases. The Amihud’s illiquidity ratio is employed in order to measure the liquidity of these digital assets. Findings indicate that the most popular cryptocurrencies exhibit higher levels of liquidity during stressed periods. Thereby, it is revealed that investors’ preferences for trading during highly risky times are favorable for well-known virtual currencies in the detriment of less-known ones. This enhances findings of relevant literature about strong and persistent positive or negative herding behavior of investors based on Bitcoin, Ethereum and highly-capitalized cryptocurrencies in general. Notably though, a tendency towards investing in the TrueUSD stablecoin has also emerged.

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“…The rules of consensus and validation are transparent, mathematically proven, unbiased, distributed, and objective in nature; these characteristics cannot be ascribed to government or to most key institutions that are handling private information related to the pandemic [ 28 ]. The growth of the cryptocurrency market provides proof that the trustless system is a workable solution at a global stage; the COVID-19 pandemic has highlighted the necessity for such a solution [ 29 ].…”

Section: Introductionmentioning

confidence: 99%

Applying Blockchain Technology to Address the Crisis of Trust During the COVID-19 Pandemic

Khurshid¹

2020

JMIR Med Inform

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Background The widespread death and disruption caused by the COVID-19 pandemic has revealed deficiencies of existing institutions regarding the protection of human health and well-being. Both a lack of accurate and timely data and pervasive misinformation are causing increasing harm and growing tension between data privacy and public health concerns. Objective This aim of this paper is to describe how blockchain, with its distributed trust networks and cryptography-based security, can provide solutions to data-related trust problems. Methods Blockchain is being applied in innovative ways that are relevant to the current COVID-19 crisis. We describe examples of the challenges faced by existing technologies to track medical supplies and infected patients and how blockchain technology applications may help in these situations. Results This exploration of existing and potential applications of blockchain technology for medical care shows how the distributed governance structure and privacy-preserving features of blockchain can be used to create “trustless” systems that can help resolve the tension between maintaining privacy and addressing public health needs in the fight against COVID-19. Conclusions Blockchain relies on a distributed, robust, secure, privacy-preserving, and immutable record framework that can positively transform the nature of trust, value sharing, and transactions. A nationally coordinated effort to explore blockchain to address the deficiencies of existing systems and a partnership of academia, researchers, business, and industry are suggested to expedite the adoption of blockchain in health care.

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Contagion Effect in Cryptocurrency Market

Cited by 33 publications

References 37 publications

Real Estate Bubbles and Contagion: Evidence from Selected European Countries

Real Estate Bubbles and Contagion: Evidence from Selected European Countries

Which Cryptocurrencies Are Mostly Traded in Distressed Times?

Applying Blockchain Technology to Address the Crisis of Trust During the COVID-19 Pandemic

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