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Do investors herd in cryptocurrencies – and why?

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journal contribution
posted on 2023-08-30, 16:19 authored by Vasileios Kallinterakis, Ying Wang
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.

History

Refereed

  • Yes

Volume

50

Page range

240-245

Publication title

Research in International Business and Finance

ISSN

0275-5319

Publisher

Elsevier

File version

  • Accepted version

Language

  • eng

Legacy posted date

2019-06-17

Legacy creation date

2019-06-14

Legacy Faculty/School/Department

ARCHIVED Lord Ashcroft International Business School (until September 2018)

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