Md Iftekhar Hasan Chowdhury , Mudassar Hasan , Elie Bouri , Yayan Tang
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引用次数: 0
Abstract
Using 10 significant cryptocurrencies, we construct emotional spillovers and provide inferences about the transmission of fear and greed shocks. The results show intense emotional bonding signifying a high level of cryptocurrency interdependence through the sentiment channel of crypto traders and investors. The amplitude of idiosyncratic (own) connectedness increases significantly for most cryptocurrencies in their greed phase, implying that positive investor sentiment is more substantial than negative sentiment in driving the trading of individual cryptocurrencies. Though market conditions and the pandemic alter the role of most cryptocurrencies, some cryptocurrencies display persistence. Ethereum cash and, to some extent, Ripple remain considerably isolated, whereas Ethereum and Dash remain highly interlocked with the rest of the cryptocurrencies. Dash is the leading net transmitter, whereas Ripple is the leading net receiver of fear and greed shocks.
期刊介绍：
Behavioral and Experimental Finance represent lenses and approaches through which we can view financial decision-making. The aim of the journal is to publish high quality research in all fields of finance, where such research is carried out with a behavioral perspective and / or is carried out via experimental methods. It is open to but not limited to papers which cover investigations of biases, the role of various neurological markers in financial decision making, national and organizational culture as it impacts financial decision making, sentiment and asset pricing, the design and implementation of experiments to investigate financial decision making and trading, methodological experiments, and natural experiments.
Journal of Behavioral and Experimental Finance welcomes full-length and short letter papers in the area of behavioral finance and experimental finance. The focus is on rapid dissemination of high-impact research in these areas.
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