Kallinterakis, V ORCID: 0000-0001-6217-1188 and Wang, Ying
(2019)
Do investors herd in cryptocurrencies – and why?
Research in International Business and Finance, 50.
pp. 240-245.
Text
Do Investors Herd in Cryptocurrencies – and why FINAL R&R.docx - Author Accepted Manuscript Download (65kB) |
Abstract
We investigate herding and its possible determinants in the cryptocurrency market for the December 2013 – July 2018 period. Herding is significant (irrespective of Bitcoin's presence and trends over time) and strongly asymmetric (appearing stronger during up-markets, low volatility and high volume days), with smaller cryptocurrencies enhancing its magnitude. Our findings suggest that the cryptocurrency market entails strong destabilizing potential, the latter being of particular relevance to the authorities entrusted with its regulatory treatment.
Item Type: | Article |
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Uncontrolled Keywords: | Herding, Cryptocurrencies, Bitcoin |
Depositing User: | Symplectic Admin |
Date Deposited: | 13 Jun 2019 07:40 |
Last Modified: | 19 Jan 2023 00:40 |
DOI: | 10.1016/j.ribaf.2019.05.005 |
Related URLs: | |
URI: | https://livrepository.liverpool.ac.uk/id/eprint/3045615 |