Threat of İntervention in Cryptocurrency Market: West Side Story of Bitcoin and Ripple

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dc.authorscopusid18433415200
dc.authorscopusid57204558870
dc.authorscopusid57383676100
dc.authorscopusid58777289400
dc.authorscopusid57339987700
dc.authorwosidABD-9167-2021
dc.authorwosidAAJ-6453-2021
dc.authorwosidDWC-0948-2022
dc.authorwosidKBM-7401-2024
dc.authorwosidJVN-0383-2024
dc.authorwosid001150158300018
dc.contributor.authorAysan, Ahmet Faruk
dc.contributor.authorKhan, Asad ul Islam
dc.contributor.authorIsac, Nicoleta
dc.contributor.authorDrammeh, Ousman
dc.contributor.authorÖzcan, Rasim
dc.contributor.authorIsac, Nıcoleta
dc.date.accessioned2024-01-18T07:19:33Z
dc.date.available2024-01-18T07:19:33Z
dc.date.issued2023
dc.departmentİşletme ve Yönetim Bilimleri Fakültesi
dc.descriptionJEL Classification: G11, G14, G15, G41.
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 interventionrelated 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. ul I., Isac, N., Drammeh, O., & Ozcan, 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. https://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.orcidNicoleta Isac |0000-0001-9435-7083
dc.identifier.orcidAsad Ul Islam Khan |0000-0002-5131-577X View this author’s ORCID profile
dc.identifier.orcidRasim Özcan |0000-0002-5738-7563
dc.identifier.scopus2-s2.0-85180461995
dc.identifier.scopusqualityQ3
dc.identifier.startpage41
dc.identifier.urihttps://doi.org/10.24818/18423264/57.4.23.03
dc.identifier.urihttps://hdl.handle.net/20.500.12436/5598
dc.identifier.volume57
dc.identifier.wosqualityQ3
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.institutionauthorIsac, Nicoleta
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.rightsinfo:eu-repo/semantics/openAccess
dc.subjectGJR-GARCH
dc.subjectBitcoin
dc.subjectXRP
dc.subjectCryptocurrency
dc.subjectThe threat of intervention
dc.titleThreat of İntervention in Cryptocurrency Market: West Side Story of Bitcoin and Ripple
dc.typeArticle
dspace.entity.typePublication
relation.isAuthorOfPublicationa665323b-4a72-4e4e-8e52-d9de1b08c8e4
relation.isAuthorOfPublication.latestForDiscoverya665323b-4a72-4e4e-8e52-d9de1b08c8e4

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