| dc.contributor.author | Çevik, Emrah İsmail | |
| dc.contributor.author | Günay, Samet | |
| dc.contributor.author | Dibooğlu, Sel | |
| dc.contributor.author | Yıldırım, Durmuş Çağrı | |
| dc.date.accessioned | 2023-05-06T17:22:07Z | |
| dc.date.available | 2023-05-06T17:22:07Z | |
| dc.date.issued | 2023 | |
| dc.identifier.issn | 1544-6123 | |
| dc.identifier.uri | https://doi.org/10.1016/j.frl.2023.103768 | |
| dc.identifier.uri | https://hdl.handle.net/20.500.11776/12032 | |
| dc.description.abstract | This study examines the impact of two critical events, the introduction of Bitcoin futures and the COVID-19 pandemic, on Bitcoin's returns and volatility. We find that the inception of Bitcoin futures (positively) impacts its returns in the spot market while no significant interaction occurs for volatilities. The pandemic does not seem to influence Bitcoin's returns or volatility, which is consistent with the notion that Bitcoin is insulated from some global economic developments. Our tests also reveal that Bitcoin spot prices dominate its futures. This information might be useful for investors in capturing trend reversals considering the order of information disseminated. © 2023 Elsevier Inc. | en_US |
| dc.language.iso | eng | en_US |
| dc.publisher | Elsevier Ltd | en_US |
| dc.identifier.doi | 10.1016/j.frl.2023.103768 | |
| dc.rights | info:eu-repo/semantics/closedAccess | en_US |
| dc.subject | Adaptive FIGARCH | en_US |
| dc.subject | Bitcoin futures | en_US |
| dc.subject | Bitcoin volatility | en_US |
| dc.subject | COVID-19 pandemic | en_US |
| dc.title | The impact of expected and unexpected events on Bitcoin price development: Introduction of futures market and COVID-19 | en_US |
| dc.type | article | en_US |
| dc.relation.ispartof | Finance Research Letters | en_US |
| dc.department | Fakülteler, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü | en_US |
| dc.identifier.volume | 54 | en_US |
| dc.institutionauthor | Çevik, Emrah İsmail | |
| dc.institutionauthor | Yıldırım, Durmuş Çağrı | |
| dc.relation.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | en_US |
| dc.authorscopusid | 26653963900 | |
| dc.authorscopusid | 56485578100 | |
| dc.authorscopusid | 8873464300 | |
| dc.authorscopusid | 56127310200 | |
| dc.identifier.scopus | 2-s2.0-85151412787 | en_US |
