The effects of us covid-19 policy responses on cryptocurrencies, fintech and artificial intelligence stocks: A fractional integration analysis
AbstractThis paper assesses the impact of US policy responses to the Covid-19 pandemic on various technology-related assets such as cryptocurrencies, financial technology, and artificial intelligence stocks using fractional integration techniques. More precisely, it analyzes the behavior of the perc...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2022-12-01
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| Series: | Cogent Economics & Finance |
| Subjects: | |
| Online Access: | https://www.tandfonline.com/doi/10.1080/23322039.2022.2159736 |
| _version_ | 1811195250148900864 |
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| author | Emmanuel Joel Aikins Abakah Guglielmo Maria Caporale Luis Alberiko Gil-Alana |
| author_facet | Emmanuel Joel Aikins Abakah Guglielmo Maria Caporale Luis Alberiko Gil-Alana |
| author_sort | Emmanuel Joel Aikins Abakah |
| collection | DOAJ |
| description | AbstractThis paper assesses the impact of US policy responses to the Covid-19 pandemic on various technology-related assets such as cryptocurrencies, financial technology, and artificial intelligence stocks using fractional integration techniques. More precisely, it analyzes the behavior of the percentage returns in the case of nine major coins (Bitcoin—BITC, Stella—STEL, Litecoin—LITE, Ethereum—ETHE, XRP (Ripple), Dash, Monero—MONE, NEM, Tether—TETH) and two technology-related stock market indices (the KBW NASDAQ Technology Index—KFTX, and the NASDAQ Artificial Intelligence index—AI) over the period 1 January 2020–5 March 2021. The results suggest that fiscal measures such as debt relief and fiscal policy announcements had positive effects on the series examined during the pandemic, when an increased mortality rate tended instead to drive them down; by contrast, monetary measures and announcements appear to have had very little impact and the Covid-19 containment measures none at all. |
| first_indexed | 2024-04-12T00:40:14Z |
| format | Article |
| id | doaj.art-0e27d634c723401bb7829558a9f99ccb |
| institution | Directory Open Access Journal |
| issn | 2332-2039 |
| language | English |
| last_indexed | 2024-04-12T00:40:14Z |
| publishDate | 2022-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Economics & Finance |
| spelling | doaj.art-0e27d634c723401bb7829558a9f99ccb2022-12-22T03:55:01ZengTaylor & Francis GroupCogent Economics & Finance2332-20392022-12-0110110.1080/23322039.2022.2159736The effects of us covid-19 policy responses on cryptocurrencies, fintech and artificial intelligence stocks: A fractional integration analysisEmmanuel Joel Aikins Abakah0Guglielmo Maria Caporale1Luis Alberiko Gil-Alana2Department of Economics, University of Ghana Business School, Madina, GhanaDepartment of Economics and Finance, Brunel University London, London, UKDepartment of Economics, University of Navarra, Pamplona, SpainAbstractThis paper assesses the impact of US policy responses to the Covid-19 pandemic on various technology-related assets such as cryptocurrencies, financial technology, and artificial intelligence stocks using fractional integration techniques. More precisely, it analyzes the behavior of the percentage returns in the case of nine major coins (Bitcoin—BITC, Stella—STEL, Litecoin—LITE, Ethereum—ETHE, XRP (Ripple), Dash, Monero—MONE, NEM, Tether—TETH) and two technology-related stock market indices (the KBW NASDAQ Technology Index—KFTX, and the NASDAQ Artificial Intelligence index—AI) over the period 1 January 2020–5 March 2021. The results suggest that fiscal measures such as debt relief and fiscal policy announcements had positive effects on the series examined during the pandemic, when an increased mortality rate tended instead to drive them down; by contrast, monetary measures and announcements appear to have had very little impact and the Covid-19 containment measures none at all.https://www.tandfonline.com/doi/10.1080/23322039.2022.2159736covid-19 pandemiccryptocurrenciesFintechartificial intelligenceCovid-19 policiesfractional integration |
| spellingShingle | Emmanuel Joel Aikins Abakah Guglielmo Maria Caporale Luis Alberiko Gil-Alana The effects of us covid-19 policy responses on cryptocurrencies, fintech and artificial intelligence stocks: A fractional integration analysis Cogent Economics & Finance covid-19 pandemic cryptocurrencies Fintech artificial intelligence Covid-19 policies fractional integration |
| title | The effects of us covid-19 policy responses on cryptocurrencies, fintech and artificial intelligence stocks: A fractional integration analysis |
| title_full | The effects of us covid-19 policy responses on cryptocurrencies, fintech and artificial intelligence stocks: A fractional integration analysis |
| title_fullStr | The effects of us covid-19 policy responses on cryptocurrencies, fintech and artificial intelligence stocks: A fractional integration analysis |
| title_full_unstemmed | The effects of us covid-19 policy responses on cryptocurrencies, fintech and artificial intelligence stocks: A fractional integration analysis |
| title_short | The effects of us covid-19 policy responses on cryptocurrencies, fintech and artificial intelligence stocks: A fractional integration analysis |
| title_sort | effects of us covid 19 policy responses on cryptocurrencies fintech and artificial intelligence stocks a fractional integration analysis |
| topic | covid-19 pandemic cryptocurrencies Fintech artificial intelligence Covid-19 policies fractional integration |
| url | https://www.tandfonline.com/doi/10.1080/23322039.2022.2159736 |
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