Wang_2019.pdf (727.07 kB)
Do investors herd in cryptocurrencies – and why?
journal contribution
posted on 2023-08-30, 16:19 authored by Vasileios Kallinterakis, Ying WangWe 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
50Page range
240-245Publication title
Research in International Business and FinanceISSN
0275-5319External DOI
Publisher
ElsevierFile version
- Accepted version
Language
- eng
Official URL
Legacy posted date
2019-06-17Legacy creation date
2019-06-14Legacy Faculty/School/Department
ARCHIVED Lord Ashcroft International Business School (until September 2018)Usage metrics
Categories
No categories selectedKeywords
Licence
Exports
RefWorks
BibTeX
Ref. manager
Endnote
DataCite
NLM
DC