Herding behaviour in cryptocurrency and emerging financial markets

Maurice Omane-Adjepong, Imhotep Paul Alagidede, Anna Gustav Lyimo and George Tweneboah

The letter examines herding in the most liquid cryptocurrency markets relative to traditional financial markets of 10 emerging economies within the G20. Our results reference significant symmetric crowd and imitation trading, which are dependent on time. Additionally, we report asymmetric herd behaviour in the cryptocurrency and stock markets, indicative that traders of these markets react collectively to extreme return movement with implied high risk and consequences for market informational efficiency.

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Year of publication:	2021
Authors:	Omane-Adjepong, Maurice ; Alagidede, Imhotep Paul ; Lyimo, Anna Gustav ; Tweneboah, George
Published in:	Cogent economics & finance. - Abingdon : Taylor & Francis, ISSN 2332-2039, ZDB-ID 2773198-4. - Vol. 9.2021, 1, Art.-No. 1933681, p. 1-14
Subject:	g20 \| cryptocurrency \| emerging markets \| Herding \| Schwellenländer \| Emerging economies \| Herdenverhalten \| Virtuelle Währung \| Virtual currency \| Finanzmarkt \| Financial market \| Welt \| World \| Finanzkrise \| Financial crisis \| Anlageverhalten \| Behavioural finance \| G20-Staaten \| G20 countries

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Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Other identifiers:	10.1080/23322039.2021.1933681 [DOI] hdl:10419/270102 [Handle]
Classification:	C22 - Time-Series Models ; G10 - General Financial Markets. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013184050