TAILIEUCHUNG - Crypto-currency: Empirical evidence from GSADF and wavelet coherence techniques

This study is targeted towards the explosive behavior of crypto-currencies, namely Bitcoin, Etherium, Litecoin and Ripple by investigating the crypto-currencies bubbles and the causal link between Bitcoin and other three crypto-currencies prices, using GSADF and wavelet coherence tests. | Crypto-currency Empirical evidence from GSADF and wavelet coherence techniques Accounting 6 2020 199 208 Contents lists available at GrowingScience Accounting homepage ac Crypto-currency Empirical evidence from GSADF and wavelet coherence techniques Dervis Kırıkkalelia Ersin Cağlara and Kelvin Onyiborb a Department of Banking and Finance Faculty of Economic and Administrative Science European University of Lefke Northern Cyprus TR-10 Mersin Turkey b Department of Management Information Systems European University of Lefke Northern Cyprus TR-10 Mersin Turkey c Department of Economıcs University of Manitoba Canada CHRONICLE ABSTRACT Article history This study is targeted towards the explosive behavior of crypto-currencies namely Bitcoin Etherium Received September 2 2019 Litecoin and Ripple by investigating the crypto-currencies bubbles and the causal link between Bitcoin Received in revised format and other three crypto-currencies prices using GSADF and wavelet coherence tests. The study aims September 2 2019 to answer the following questions which have not been investigated in the literature to our best Accepted October 15 2019 Available online knowledge i Was there any bubble in the prices of Bitcoin Etherium Litecoin and Ripple and October 17 2019 between and If yes why ii was there any linkage between Bitcoin and Keywords Etherium Litecoin and Ripple Our findings reveal that a there were some bubbles in the crypto- Crypto-currency currencies for the periods investigated b there was a positive correlation between Bitcoin and Multiple Bubble Etherium Litecoin and Ripple in the short-run c changes in Bitcoin prices lead changes Etherium GSADF Litecoin and Ripple prices in the long run at different periods. Wavelet Coherence 2020 by the authors licensee Growing Science Canada 1. Introduction Crypto-currency was first introduced into the financial market mid-way into the year 2000. Its ever-rising popularity has

• Kế toán - Kiểm toán
• Behavior of crypto currencies
• Crypto currencies bubbles
• Three crypto currencies prices
• Wavelet coherence tests
• Litecoin and Ripple prices