Investment choices, oil prices, and assets volatility: curious case of crypto currencies
by Saransh Royal; Kamaljit Singh; Ramesh Chander Dalal
International Journal of Risk Assessment and Management (IJRAM), Vol. 26, No. 2, 2023

Abstract: The market is presently experiencing a positive disposition driven by liquidity, with Robin Hood investors being the primary catalyst for the buoyancy in asset prices. This paper investigates the price volatility of various investment choices and the volatility transmission across crypto assets, stock market assets, gold prices, crude oil prices, and US Bond yields. The study employs panel data analysis covering December 2019 to December 2021. Investigations into the long-term relationships and quantification of short-term associations in asset prices are carried out using the fully modified ordinary least squares and dynamic ordinary least squares frameworks. The findings reveal a positive relationship between cryptocurrencies and market indices. However, for oil prices, the association is negative and distinctive. The study suggested that crypto assets are like traditional equity investments. Additionally, in the case of crude prices, investments are driven by the transaction motives of participants rather than speculative intentions.

Online publication date: Fri, 07-Jun-2024

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