What drives the popularity of stablecoins? Measuring the frequency dynamics of connectedness between volatile and stable cryptocurrencies
Tài liệu tham khảo
Ante, 2022
Ante, 2021, The influence of stablecoin issuances on cryptocurrency markets, Financ. Res. Lett., 41, 10.1016/j.frl.2020.101867
Ante, 2021, The impact of transparent money flows: effects of stablecoin transfers on the returns and trading volume of bitcoin, Technol. Forecast. Soc. Chang., 170, 10.1016/j.techfore.2021.120851
Aslanidis, 2021, Are cryptocurrencies becoming more interconnected?, Econ. Lett., 199, 10.1016/j.econlet.2021.109725
Baruník, 2018, Measuring the frequency dynamics of financial connectedness and systemic risk, J. Financ. Economet., 16, 271, 10.1093/jjfinec/nby001
Baur, 2021, A crypto safe haven against bitcoin, Financ. Res. Lett., 38, 10.1016/j.frl.2020.101431
Ben-Raphael, 2016, It depends on where you search: institutional investor attention and underreaction to news
Corbet, 2018, Exploring the dynamic relationships between cryptocurrencies and other financial assets, Econ. Lett., 165, 28, 10.1016/j.econlet.2018.01.004
Di Francesco Maesa, 2017, Detecting artificial behaviours in the Bitcoin users graph, Online Social Networks and Media, 3, 63, 10.1016/j.osnem.2017.10.006
Diebold, 2009, Measuring financial asset return and volatility spillovers, with application to global equity markets, Econ. J., 119, 158, 10.1111/j.1468-0297.2008.02208.x
Diebold, 2012, Better to give than to receive: predictive directional measurement of volatility spillovers, Int. J. Forecast., 28, 57, 10.1016/j.ijforecast.2011.02.006
ECB, 2016, Distributed ledger technology, 1
ECB, 2020, Stablecoins: implications for monetary policy, financial stability, market infrastructure and payments, and banking supervision in the euro area
Ghabri, 2022, Information transmission among energy markets, cryptocurrencies, and stablecoins under pandemic conditions, Int. Rev. Financ. Anal., 82, 10.1016/j.irfa.2022.102197
Griffin, 2020, Is bitcoin really Untethered?, J. Financ., 75, 1913, 10.1111/jofi.12903
Grobys, 2021, On the stability of stablecoins, J. Empir. Financ., 64, 207, 10.1016/j.jempfin.2021.09.002
Hileman, 2018, 2018
Hoang, 2021, How stable are stablecoins?, The European Journal of Finance, 10.1080/1351847X.2021.1949369
Huynh, 2020, “Small things matter most”: the spillover effects in the cryptocurrency market and gold as a silver bullet, N. Am. J. Econ. Financ., 54, 10.1016/j.najef.2020.101277
IMF, 2022
Jarno, 2021, Does the design of stablecoins impact their volatility? Journal of risk and financial, Management, 14
Koop, 1996, Impulse response analysis in non-linear multivariate models, J. Econ., 74, 119, 10.1016/0304-4076(95)01753-4
Krehlík, 2020
Kristoufek, 2021, Tethered, or untethered? On the interplay between stablecoins and major cryptoassets, Financ. Res. Lett., 43, 10.1016/j.frl.2021.101991
Kristoufek, 2022, On the role of stablecoins in cryptoasset pricing dynamics, Financ. Innov., 8, 37, 10.1186/s40854-022-00343-8
Le, 2021, Time and frequency domain connectedness and spill-over among fintech, green bonds and cryptocurrencies in the age of the fourth industrial revolution, Technol. Forecast. Soc. Chang., 162, 10.1016/j.techfore.2020.120382
Lyons, 2020, What keeps stablecoins stable?
Mensi, 2021, Does volatility connectedness across major cryptocurrencies behave the same at different frequencies? A portfolio risk analysis, Int. Rev. Econ. Financ., 76, 96, 10.1016/j.iref.2021.05.009
Mizerka, 2020, The role of bitcoin on developed and emerging markets – on the basis of a bitcoin users graph analysis, Financ. Res. Lett., 35, 10.1016/j.frl.2020.101489
Ozturk, 2020, Dynamic connectedness between bitcoin, gold, and crude oil volatilities and returns, J. Risk Financ. Manag., 13, 275, 10.3390/jrfm13110275
Pesaran, 1998, Generalized impulse response analysis in linear multivariate models, Econ. Lett., 58, 17, 10.1016/S0165-1765(97)00214-0
2022
Trabelsi, 2018, Are there any volatility spill-over effects among cryptocurrencies and widely traded asset classes?, J. Risk Financ. Manag., 11, 66, 10.3390/jrfm11040066
Umar, 2021, The impact of COVID-19-related media coverage on the return and volatility connectedness of cryptocurrencies and fiat currencies, Technological Forecasting and Social Change, 172, 10.1016/j.techfore.2021.121025
Wang, 2020, Are stablecoins truly diversifiers, hedges, or safe havens against traditional cryptocurrencies as their name suggests?, Res. Int. Bus. Financ., 54, 10.1016/j.ribaf.2020.101225
Wei, 2018, The impact of tether grants on bitcoin, Econ. Lett., 171, 19, 10.1016/j.econlet.2018.07.001
Xie, 2021, Are stablecoins safe havens for traditional cryptocurrencies? An empirical study during the Covid-19 pandemic, Applied Finance Letters, 10, 2, 10.24135/afl.v10i.342
