Impact of COVID-19 and cryptocurrencies on the global financial market

Introduction to the special issue on Impact of COVID-19 and cryptocurrencies on the global financial market

Authors: Hui Xiao, Xiong Xiong and Weiwei Chen

Citation: Financial Innovation 2021 7:27

Content type: Editorial Published on: 19 April 2021
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The impact of the COVID-19 outbreak on Chinese-listed tourism stocks

This research explored the effects of the coronavirus disease (COVID-19) outbreak on stock price movements of China’s tourism industry by using an event study method. The results showed that the crisis negativ...

Authors: Wenmin Wu, Chien-Chiang Lee, Wenwu Xing and Shan-Ju Ho

Citation: Financial Innovation 2021 7:22

Content type: Research Published on: 2 April 2021
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Portfolio diversification benefits of alternative currency investment in Bitcoin and foreign exchange markets

This study examines the portfolio diversification benefits of alternative currency trading in Bitcoin and foreign exchange markets. The following methods are applied for the analysis: the spillover index metho...

Authors: Muhammad Owais Qarni and Saiqb Gulzar

Citation: Financial Innovation 2021 7:17

Content type: Research Published on: 15 March 2021
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Dynamic connectedness between stock markets in the presence of the COVID-19 pandemic: does economic policy uncertainty matter?

This study investigates the dynamic connectedness between stock indices and the effect of economic policy uncertainty (EPU) in eight countries where COVID-19 was most widespread (China, Italy, France, Germany,...

Authors: Manel Youssef, Khaled Mokni and Ahdi Noomen Ajmi

Citation: Financial Innovation 2021 7:13

Content type: Research Published on: 1 March 2021
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The explosion in cryptocurrencies: a black hole analogy

Using an analogy between finance and astrophysics, this study aims to investigate whether there exists a mechanism that can describe the explosive increase in the number of traded cryptocurrencies and the cryp...

Authors: Antonis Ballis and Konstantinos Drakos

Citation: Financial Innovation 2021 7:8

Content type: Research Published on: 27 January 2021
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Regime specific spillover across cryptocurrencies and the role of COVID-19

The aim of this study is to examine the daily return spillover among 18 cryptocurrencies under low and high volatility regimes, while considering three pricing factors and the effect of the COVID-19 outbreak. ...

Authors: Syed Jawad Hussain Shahzad, Elie Bouri, Sang Hoon Kang and Tareq Saeed

Citation: Financial Innovation 2021 7:5

Content type: Research Published on: 6 January 2021
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Forecasting and trading cryptocurrencies with machine learning under changing market conditions

This study examines the predictability of three major cryptocurrencies—bitcoin, ethereum, and litecoin—and the profitability of trading strategies devised upon machine learning techniques (e.g., linear models,...

Authors: Helder Sebastião and Pedro Godinho

Citation: Financial Innovation 2021 7:3

Content type: Research Published on: 6 January 2021
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The macroeconomic effects of COVID-19 in Montenegro: a Bayesian VARX approach

This study examines, diagnoses, and assesses appropriate macroeconomic policy responses of the Montenegrin Government to the outbreak of COVID-19. The model econometrically measures the macroeconomic costs usi...

Authors: Gordana Djurovic, Vasilije Djurovic and Martin M. Bojaj

Citation: Financial Innovation 2020 6:40

Content type: Research Published on: 10 November 2020
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Discovering interlinkages between major cryptocurrencies using high-frequency data: new evidence from COVID-19 pandemic

Through the application of the VAR-AGARCH model to intra-day data for three cryptocurrencies (Bitcoin, Ethereum, and Litecoin), this study examines the return and volatility spillover between these cryptocurre...

Authors: Imran Yousaf and Shoaib Ali

Citation: Financial Innovation 2020 6:45

Content type: Research Published on: 9 November 2020
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