Exploring the dynamic relationships between cryptocurrencies and other financial assets

Shaen Corbet, Andrew Meegan, Charles Larkin, Brian Lucey, Larisa Yarovaya

Research output: Contribution to journalArticlepeer-review

779 Citations (SciVal)

Abstract

We analyse, in the time and frequency domains, the relationships between three popular cryptocurrencies and a variety of other financial assets. We find evidence of the relative isolation of these assets from the financial and economic assets. Our results show that cryptocurrencies may offer diversification benefits for investors with short investment horizons. Time variation in the linkages reflects external economic and financial shocks.

Original languageEnglish
Pages (from-to)28-34
Number of pages7
JournalEconomics Letters
Volume165
Early online date31 Jan 2018
DOIs
Publication statusPublished - 30 Apr 2018

Keywords

  • Bitcoin
  • Cryptocurrencies
  • Litecoin
  • Spillovers
  • Time varying

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

Fingerprint

Dive into the research topics of 'Exploring the dynamic relationships between cryptocurrencies and other financial assets'. Together they form a unique fingerprint.

Cite this