Liquidity connectedness in cryptocurrency market

M Hasan, MA Naeem, M Arif, SJH Shahzad, XV Vo - Financial innovation, 2022‏ - Springer
We examine the dynamics of liquidity connectedness in the cryptocurrency market. We use
the connectedness models of Diebold and Yilmaz (Int J Forecast 28 (1): 57–66, 2012) and …

“Shiny” crypto assets: A systemic look at gold-backed cryptocurrencies during the COVID-19 pandemic

A Jalan, R Matkovskyy, L Yarovaya - International Review of Financial …, 2021‏ - Elsevier
In this paper, we empirically analyse the performance of five gold-backed stablecoins during
the COVID-19 pandemic and compare them to gold, Bitcoin and Tether. In the digital assets' …

Zeroing in on the expected returns of anomalies

AY Chen, M Velikov - Journal of Financial and Quantitative Analysis, 2023‏ - cambridge.org
We zero in on the expected returns of long-short portfolios based on 204 stock market
anomalies by accounting for i) effective bid–ask spreads, ii) post-publication effects, and iii) …

Liquidity measurement: A comparative review of the literature with a focus on high frequency

Z Cobandag Guloglu, C Ekinci - Journal of Economic Surveys, 2022‏ - Wiley Online Library
This paper provides an exhaustive review and categorization of market liquidity measures
that are used to quantify liquidity in empirical research. We review and discuss these …

What effect did the introduction of Bitcoin futures have on the Bitcoin spot market?

A Jalan, R Matkovskyy, A Urquhart - The European Journal of …, 2021‏ - Taylor & Francis
Bitcoin futures were introduced in December 2017 and this was seen by some as a sign of
the most popular cryptocurrency finally being accepted by the financial community. In this …

Does it pay to follow anomalies research? machine learning approach with international evidence

O Tobek, M Hronec - Journal of Financial Markets, 2021‏ - Elsevier
We study out-of-sample returns on 153 anomalies in equities documented in the academic
literature. We show that machine learning techniques that aggregate all the anomalies into …

The causality between liquidity and volatility in the Polish stock market

B Będowska-Sójka, A Kliber - Finance Research Letters, 2019‏ - Elsevier
We study dependencies between liquidity and volatility in the causality framework for stocks
listed on the Warsaw Stock Exchange. Using Toda-Yamamoto and Granger causality tests …

Liquidity, implied volatility and tail risk: A comparison of liquidity measures

HP Ramos, MB Righi - International Review of Financial Analysis, 2020‏ - Elsevier
Liquidity is easily perceived but not easily measured in financial markets. Researchers and
practitioners develop and test new measures of liquidity which may be good candidates for …

Measuring commodity market quality

T Lauter, M Prokopczuk - Journal of Banking & Finance, 2022‏ - Elsevier
In this paper, we identify the most suitable low-frequency proxies for analyzing commodity
market quality. We use an 11-year sample of millisecond time-stamped order book data and …

Liquidity synchronization, its determinants and outcomes under economic growth volatility: Evidence from emerging Asian economies

SH Zaidi, R Rupeika-Apoga - Risks, 2021‏ - mdpi.com
This study investigates the country-level determinants of liquidity synchronization and
degrees of liquidity synchronization during economic growth volatility. As a non-diversifiable …