Impact of COVID-19 on Cryptocurrency Markets
The pandemic has caused enormous economic costs by affecting banks, governments and financial markets. In this context, the main purpose of this paper is to show that cryptocurrencies have become one of the most traded financial assets in the last decade. The overall objective pursued in the pape...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Ovidius University Press
2023-08-01
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| Series: | Ovidius University Annals: Economic Sciences Series |
| Subjects: | |
| Online Access: | https://stec.univ-ovidius.ro/html/anale/RO/2023-i1/Section%205/24.pdf |
| _version_ | 1797737198257176576 |
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| author | Oana Oprisan Ana-Maria Dumitrache (Serbanescu) |
| author_facet | Oana Oprisan Ana-Maria Dumitrache (Serbanescu) |
| author_sort | Oana Oprisan |
| collection | DOAJ |
| description | The pandemic has caused enormous economic costs by affecting banks, governments and
financial markets. In this context, the main purpose of this paper is to show that cryptocurrencies
have become one of the most traded financial assets in the last decade.
The overall objective pursued in the paper was the major effect on the global economy and
financial markets that the COVID-19 Pandemic had and which was the first real global shock since
the first cryptocurrency was launched in 2009 until now. Natural disasters and pandemics are a
source of contagion in global financial markets and an emerging line of research. Financial
contagion can be the result of both financial and non-financial events, but in both cases,
assessments require defining a timeframe. |
| first_indexed | 2024-03-12T13:23:58Z |
| format | Article |
| id | doaj.art-1a914ccfbd8c478585e798ef262b5748 |
| institution | Directory Open Access Journal |
| issn | 2393-3127 |
| language | English |
| last_indexed | 2024-03-12T13:23:58Z |
| publishDate | 2023-08-01 |
| publisher | Ovidius University Press |
| record_format | Article |
| series | Ovidius University Annals: Economic Sciences Series |
| spelling | doaj.art-1a914ccfbd8c478585e798ef262b57482023-08-25T08:49:30ZengOvidius University PressOvidius University Annals: Economic Sciences Series2393-31272023-08-01XXIII110461052Impact of COVID-19 on Cryptocurrency Markets Oana Oprisan0Ana-Maria Dumitrache (Serbanescu)1"Ovidius" University of Constanta, Faculty of Economic Sciences, RomaniaThe Buchаrest University of Economic Studies, Romania The pandemic has caused enormous economic costs by affecting banks, governments and financial markets. In this context, the main purpose of this paper is to show that cryptocurrencies have become one of the most traded financial assets in the last decade. The overall objective pursued in the paper was the major effect on the global economy and financial markets that the COVID-19 Pandemic had and which was the first real global shock since the first cryptocurrency was launched in 2009 until now. Natural disasters and pandemics are a source of contagion in global financial markets and an emerging line of research. Financial contagion can be the result of both financial and non-financial events, but in both cases, assessments require defining a timeframe. https://stec.univ-ovidius.ro/html/anale/RO/2023-i1/Section%205/24.pdfcryptocurrenciesfinancial marketsstock exchangesstock trading |
| spellingShingle | Oana Oprisan Ana-Maria Dumitrache (Serbanescu) Impact of COVID-19 on Cryptocurrency Markets Ovidius University Annals: Economic Sciences Series cryptocurrencies financial markets stock exchanges stock trading |
| title | Impact of COVID-19 on Cryptocurrency Markets |
| title_full | Impact of COVID-19 on Cryptocurrency Markets |
| title_fullStr | Impact of COVID-19 on Cryptocurrency Markets |
| title_full_unstemmed | Impact of COVID-19 on Cryptocurrency Markets |
| title_short | Impact of COVID-19 on Cryptocurrency Markets |
| title_sort | impact of covid 19 on cryptocurrency markets |
| topic | cryptocurrencies financial markets stock exchanges stock trading |
| url | https://stec.univ-ovidius.ro/html/anale/RO/2023-i1/Section%205/24.pdf |
| work_keys_str_mv | AT oanaoprisan impactofcovid19oncryptocurrencymarkets AT anamariadumitracheserbanescu impactofcovid19oncryptocurrencymarkets |