Price co-movements in decentralized financial markets
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Park, Seongwan | - |
dc.contributor.author | Lee, Seungju | - |
dc.contributor.author | Lee, Yunyoung | - |
dc.contributor.author | Ko, Hyungjin | - |
dc.contributor.author | Son, Bumho | - |
dc.contributor.author | Lee, Jaewook | - |
dc.contributor.author | Jang, Huisu | - |
dc.date.accessioned | 2024-02-14T02:30:28Z | - |
dc.date.available | 2024-02-14T02:30:28Z | - |
dc.date.issued | 2023-12 | - |
dc.identifier.issn | 1350-4851 | - |
dc.identifier.issn | 1466-4291 | - |
dc.identifier.uri | https://scholarworks.bwise.kr/cau/handle/2019.sw.cau/72031 | - |
dc.description.abstract | In decentralized finance (Defi), market participants are allowed to have the right to manage their own funds as opposed to centralized finance (Cefi) with a central custodian, centralized exchanges (CEX). Most Defi projects provide their own service and simultaneously issue a unique token that can be traded in decentralized exchanges (DEX). However, the values of these tokens have rarely been studied. We confirm that the prices of tokens in the Defi market have a persistent tendency to move together. We also demonstrate that the correlation gradually increased from the Defi market's inception and the price co-movement increased in a bear market, and conversely, decreased in a bull market. Specifically, we find a notable difference in the level of price co-movement between CEX cryptocurrencies and DEX tokens. | - |
dc.format.extent | 8 | - |
dc.language | 영어 | - |
dc.language.iso | ENG | - |
dc.publisher | ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD | - |
dc.title | Price co-movements in decentralized financial markets | - |
dc.type | Article | - |
dc.identifier.doi | 10.1080/13504851.2022.2120952 | - |
dc.identifier.bibliographicCitation | APPLIED ECONOMICS LETTERS, v.30, no.21, pp 3075 - 3082 | - |
dc.description.isOpenAccess | N | - |
dc.identifier.wosid | 000850875200001 | - |
dc.identifier.scopusid | 2-s2.0-85137812271 | - |
dc.citation.endPage | 3082 | - |
dc.citation.number | 21 | - |
dc.citation.startPage | 3075 | - |
dc.citation.title | APPLIED ECONOMICS LETTERS | - |
dc.citation.volume | 30 | - |
dc.type.docType | Article | - |
dc.publisher.location | 영국 | - |
dc.subject.keywordAuthor | Defi | - |
dc.subject.keywordAuthor | Co-Movement | - |
dc.subject.keywordAuthor | cryptocurrencies | - |
dc.subject.keywordAuthor | correlation | - |
dc.relation.journalResearchArea | Business & Economics | - |
dc.relation.journalWebOfScienceCategory | Economics | - |
dc.description.journalRegisteredClass | ssci | - |
dc.description.journalRegisteredClass | scopus | - |
Items in ScholarWorks are protected by copyright, with all rights reserved, unless otherwise indicated.
84, Heukseok-ro, Dongjak-gu, Seoul, Republic of Korea (06974)02-820-6194
COPYRIGHT 2019 Chung-Ang University All Rights Reserved.
Certain data included herein are derived from the © Web of Science of Clarivate Analytics. All rights reserved.
You may not copy or re-distribute this material in whole or in part without the prior written consent of Clarivate Analytics.