Assessing linkages between alternative energy markets and cryptocurrencies

【Author】 Naeem, Muhammad Abubakr; Gul, Raazia; Farid, Saqib; Karim, Sitara; Lucey, Brian M.

【Source】JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION

【影响因子】2.000

【Abstract】Surmounted environmental concerns and energy challenges have created an augmented awareness among the public and policymakers about alternate energy resources. Using a network approach, this paper aims to investigate the dependence between cryptocur-rencies and the alternative energy market using data from January 1, 2018, to December 23, 2021. For this investigation, first, we build a static dependency network for a given set of variables using partial correlations. Then, we demonstrate within-system connec-tions in a minimum spanning tree (MST) to assess the centrality of all variables. Finally, rolling-window estimations are made to exhibit time variations in both dependency and centrality networks. We find that clean alternative markets (SPGCE, ELEVHC & WILCE) and ETH are net risk transmitters to other markets and system-wide net contributors. We also demonstrate how SPGCE is essential for tying together the various parts of the networks and provide convincing evidence of time-varying within-system dependency. Our thorough examination of the dependency analysis offers significant insights to macroprudential reg-ulators, policymakers, and portfolio managers, enabling them to safeguard the most vul-nerable markets and choose the best legislative and policy measures to protect investors' interests in the face of unforeseen financial and economic conditions.& COPY; 2023 The Author(s). Published by Elsevier B.V. This is an open access article under the CC BY license ( http://creativecommons.org/licenses/by/4.0/ )

【Keywords】

【发表时间】2023 JUL

【收录时间】2023-07-13

【文献类型】实证数据

【主题类别】

区块链治理-市场治理-市场分析