世界上COVID-19疫情和加密货币市场之间的不对称关系
Najaf Iqbal1, Zeeshan Fareed2, Guangcai Wan1
1School of Finance, Anhui University of Finance and Economics, Bengbu, Anhui, P.R. China.
概括
COVID-19 疫情对加密货币市场产生了独特的影响,对比特币,以太坊和其他数字资产产生了不对称的影响. 市场反应因流行病的强度和特定加密货币的弹性而有所不同.
科学领域:
- 金融经济学 金融经济学
- 流行病学 流行病学
- 数字资产数字资产
背景情况:
- "COVID-19"大流行带来了前所未有的全球性冲击.
- 了解其对加密货币等波动性市场的影响至关重要.
研究的目的:
- 分析COVID-19流行病强度对顶级加密货币每日回报的影响.
- 调查不同市场条件和特定数字资产之间的不对称影响.
主要方法:
- 使用了量子对量子回归 (QQR).
- 每天新的COVID-19感染和死亡被用作流行病强度的代理.
- 分析了按市值计算的前十大加密货币.
主要成果:
- COVID-19的强度显示了对熊市和看的加密货币市场的不对称影响.
- 大多数加密货币吸收了轻微的冲击,但在重大冲击方面遇到了困难,除了比特币,ADA,CRO和以太坊.
- 当使用COVID-19死亡作为替代强度代理时,结果很强大.
结论:
- 这项研究揭示了加密货币市场与极端全球事件之间的新奇,不对称的动态.
- 调查结果提高了投资者和政策制定者对危机期间数字资产行为的理解.
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