Khan, Asad ul Islam

Profil fotoğrafı
 E-posta Adresi
asad.khan@ihu.edu.tr
ORCID Profili
0000-0002-5131-577X
WoS Profili
AAJ-6453-2021
Scopus Profili
57204558870
YÖK Araştırmacı Profili
D34BC22808527E8F
Google Akademik Profili
IISCIjsAAAAJ&hl=tr&oi=ao
TR-Dizin Profili
0000-0002-5131-577X
SOBÄ°AD Profili
311599
Web Sitesi
akademik.ihu.edu.tr/tr/asad-khan

Araştırma projeleri

Organizasyon Birimleri

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Organizasyon Birimi
Yönetim Bilimleri Fakültesi, İktisat Bölümü
İktisat Bölümü, başta Türkiye ve çevre ülkeler olmak üzere küresel ekonomileri anlayan, var olan sorunları analiz ederken, iktisadi kuramları ve kavramları yetkin ve özgün bir şekilde kullanma becerisine sahip bireyler yetiştirmeyi amaçlamaktadır.

Adı Soyadı

Khan

İlgi Alanları

Solunum Sistemi, Genel ve Dahili Tıp, Çevre Bilimleri ve Ekoloji, İş Ekonomisi, Bilim ve Teknoloji

Kurumdaki Durumu

Aktif Personel

Filtreler

20251
Filtreleri Sıfırla

Ayarlar

Konu: Stablecoins ×

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  • Küçük Resim
    Yayın
    Stablecoins and emerging market currencies: A time-varying analysis
    (Emerald Publishing, 2025) Napari, Ayuba; Khan, Asad ul Islam; Kaplan, Muhittin; Vergil, Hasan; Yönetim Bilimleri Fakültesi, İktisat Bölümü
    Purpose: Owing to the growing evidence of crypto asset connectedness and correlation with traditional financial assets, this study sought to determine if there is a time-varying correlation and/or connectedness between the stablecoin market and the currencies of emerging market and developing economies (EMDEs) with significant cryptocurrency penetration. Design/methodology/approach: This study uses a probabilistic principal component analysis (PPCA) to create stablecoin and EMDEs currency returns and volatility indices for EMDEs with significant cryptocurrency penetration. We then employ a time-varying correlation and time-varying parameter vector autoregressive (TVP-VAR) connectedness measures to document the time-dependent correlation and connectedness between the EMDE currencies and the stablecoin market. Findings: The result points to a spillover of return shocks from the EMDE currencies to the stablecoin market prior to and after the COVID-19 pandemic. This is indicative of a flight-to-safety role of stablecoins for EMDE currencies. This calls for increased attention to the stablecoin market by money market investors and monetary authorities. Originality/value: The paper contributes to the growing cryptocurrency and finance literature by empirically examining the level of connectedness between stablecoins and emerging market currencies. Knowing the relationship (correlation) and shock spillover (connectedness) between the stablecoins and the EMDE currencies will be valuable to currency investors’ diversification and hedging strategies, and to macroeconomic policymakers in designing and implementing regulation.