Studying the relationship between cryptocurrency markets and traditional financial markets: common dependence and possible interaction effects

dc.contributor.authorPshenychna, Mariia
dc.contributor.authorShevchenko, Maryna Mykolaivna
dc.contributor.authorNazarova, Tetiana Yu.
dc.contributor.authorOvander, Nataliia
dc.contributor.authorOkhrimenko, Oksana
dc.date.accessioned2024-01-11T12:28:21Z
dc.date.available2024-01-11T12:28:21Z
dc.date.issued2023
dc.description.abstractModern economic technologies are being transformed in modern conditions of digitalization. Cryptocurrencies operate on the market under certain conditions and interact in a certain way with traditional financial markets. Given that cryptocurrencies are dynamic in the market, prospects for further use of new currencies and possible ways of interaction with traditional financial markets are offered. The main aim of the study is a comprehensive analysis and prospective directions of interaction of cryptocurrencies with traditional financial markets. In the course of the model of the influence of fundamental economic indicators and stock market trends on the price dynamics of the main cryptocurrencies. The results of the research make it possible to clarify the economic nature of cryptocurrencies as specific financial instruments and to improve existing investment management models taking into account the statistical properties of virtual financial assets. Based on analysis of market names, it is shown that global crypto exchanges and cryptocurrencies are focused on people, management, savings and services. The international market of cryptocurrencies, its general condition, was studied. The conclusions are reflected in a comprehensive study of cryptocurrencies and their rapid growth as the main innovation in the global and Ukrainian economy.
dc.identifier.citationStudying the relationship between cryptocurrency markets and traditional financial markets: common dependence and possible interaction effects / M. Pshenychna [et al.] // Revista Electrónica de Investigación en Ciencias EconómicasAbriendo Camino al Conocimiento. – Vol. 11, – No. 22. – P. 112-134.
dc.identifier.doidoi.org/10.5377/reice.v11i22.17346
dc.identifier.orcidhttps://orcid.org/0000-0002-5373-1726
dc.identifier.orcidhttps://orcid.org/0000-0003-2165-9907
dc.identifier.orcidhttps://orcid.org/0000-0001-5734-876X
dc.identifier.orcidhttps://orcid.org/0000-0002-4917-8876
dc.identifier.orcidhttps://orcid.org/0000-0001-7361 -3340
dc.identifier.urihttps://repository.kpi.kharkov.ua/handle/KhPI-Press/72849
dc.language.isoen
dc.publisherUNAN-Managua
dc.subjecteconomic indicators
dc.subjectvirtual assets
dc.subjectstatistical relationship
dc.subjectfinancial market
dc.subjectinvestment asset
dc.subjectworld economy
dc.subjectcryptocurrencies
dc.subjecteconomic technologies
dc.subjectdigital development
dc.subjectdigitization
dc.titleStudying the relationship between cryptocurrency markets and traditional financial markets: common dependence and possible interaction effects
dc.typeArticle

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