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Links Between Major Stock Market Index Quotes And Bitcoin Currency Developments

Author

Listed:
  • DRAGOI, Catalin

    (Centre for Financial and Monetary Research “Victor Slavescu”, N.I.E.R., Romanian Academy, Bucharest, Romania Author-Name: AILINCA, Alina Georgeta
    Centre for Financial and Monetary Research “Victor Slavescu”, N.I.E.R., Romanian Academy, Bucharest, Romania)

Abstract

Virtual currencies have been characterized by extreme volatility, since the emergence in 2009 of the bitcoin currency that was followed by the launch of several thousand other virtual currencies, of which about 1600 have survived to date, with a maximum capitalization of $ 200 billion in December 2017, many factors influencing their price evolution. The study aims to analyse whether the evolutions in the capital markets influence the crypto market.

Suggested Citation

  • DRAGOI, Catalin, 2019. "Links Between Major Stock Market Index Quotes And Bitcoin Currency Developments," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 7(1), pages 93-98, October.
    • Handle: RePEc:vls:rojfme:v:7:y:2019:i:1:p:93-98
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    References listed on IDEAS

    as
    1. Ali, Robleh & Barrdear, John & Clews, Roger & Southgate, James, 2014. "The economics of digital currencies," Bank of England Quarterly Bulletin, Bank of England, vol. 54(3), pages 276-286.
    2. Baumöhl, Eduard, 2019. "Are cryptocurrencies connected to forex? A quantile cross-spectral approach," Finance Research Letters, Elsevier, vol. 29(C), pages 363-372.
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    More about this item

    Keywords

    virtual currency; capital market; crypto market;
    All these keywords.

    JEL classification:

    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • G41 - Financial Economics - - Behavioral Finance - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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