Threat of intervention in cryptocurrency market: West side story of Bitcoin and Ripple

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dc.authorid0000-0001-7363-0116
dc.authorid0000-0002-5131-577X
dc.authorid0000-0001-9435-7083
dc.authorid0000-0001-9487-390X
dc.authorid0000-0002-5738-7563
dc.contributor.authorAysan, Ahmet Faruk
dc.contributor.authorIsac, Nicoleta
dc.contributor.authorDrammeh, Ousman
dc.contributor.authorKhan, Asad ul Islam
dc.contributor.authorÖzcan, Rasim
dc.contributor.otherYönetim Bilimleri Fakültesi, İktisat Bölümü
dc.date.accessioned2024-04-19T13:47:35Z
dc.date.available2024-04-19T13:47:35Z
dc.date.issued2023
dc.departmentİHÜ, Yönetim Bilimleri Fakültesi, İktisat Bölümü
dc.departmentİHÜ, Lisansüstü Eğitim Enstitüsü, İktisat Ana Bilim Dalı
dc.description.abstractThis study examines the impact of intervention threats on the price and volume volatility of Bitcoin and XRP. Using the Threshold or GJR-GARCH model, we analyse the relationship between news shocks (representing intervention threats) and the volatilities of Bitcoin and XRP price and volume returns, based on data from January 2014 to April 2021. The results indicate a significant association between news shocks and Bitcoin's price volatility, suggesting that intervention-related news events have a notable impact. However, the relationship between news shocks and XRP's price volatility is insignificant. Notably, XRP's volume returns demonstrate a positive and significant relationship with news shocks, while Bitcoin's volume returns do not exhibit a significant relationship. Additionally, past shocks and conditional variance shocks significantly contribute to the volatility of today's price or volume returns. These findings suggest that Ripple (XRP) may benefit from the implicit threat of intervention, strategically managing its availability to control price surges.
dc.identifier.citationAysan, A. F., Khan, A. I., Isac, N., Drammeh, O. ve Özcan, R. (2023). Threat of intervention in cryptocurrency market: West side story of Bitcoin and Ripple. Economic Computation and Economic Cybernetics Studies and Research, 57(4), 41-56. http://doi.org/10.24818/18423264/57.4.23.03
dc.identifier.doi10.24818/18423264/57.4.23.03
dc.identifier.endpage56
dc.identifier.issn0424-267X
dc.identifier.issue4
dc.identifier.scopus2-s2.0-85180461995
dc.identifier.scopusqualityQ3
dc.identifier.startpage41
dc.identifier.urihttp://doi.org/10.24818/18423264/57.4.23.03
dc.identifier.urihttps://hdl.handle.net/20.500.12154/2809
dc.identifier.volume57
dc.identifier.wosWOS:001150158300018
dc.identifier.wosqualityQ4
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.institutionauthorKhan, Asad ul Islam
dc.institutionauthorid0000-0002-5131-577X
dc.language.isoen
dc.publisherBucharest University of Economic Studies
dc.relation.ispartofEconomic Computation and Economic Cybernetics Studies and Research
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.relation.publicationcategoryÖğrenci
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectBitcoin
dc.subjectCryptocurrency
dc.subjectGJR-GARCH
dc.subjectThe Threat of Intervention
dc.subjectXRP
dc.titleThreat of intervention in cryptocurrency market: West side story of Bitcoin and Ripple
dc.typeArticle
dspace.entity.typePublication
relation.isAuthorOfPublication5d56d061-267c-4b33-8b78-b50e651ee5aa
relation.isAuthorOfPublication6d8c0e0e-dd75-4202-8a3f-76230fd2a682
relation.isAuthorOfPublication.latestForDiscovery5d56d061-267c-4b33-8b78-b50e651ee5aa
relation.isOrgUnitOfPublication9d1809d1-3541-41aa-94ed-639736b7e16f
relation.isOrgUnitOfPublication.latestForDiscovery9d1809d1-3541-41aa-94ed-639736b7e16f

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