Metaverse and financial markets: A quantile-time-frequency connectedness analysis
<p dir="ltr">Amidst increasing interest from investors and scholars in the emerging <u>Metaverse market</u>, this paper marks a pioneering attempt to investigate the volatility connections between the Metaverse stock index and traditional financial markets such as Gold, C...
محفوظ في:
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| مؤلفون آخرون: | , , , |
| منشور في: |
2024
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| الملخص: | <p dir="ltr">Amidst increasing interest from investors and scholars in the emerging <u>Metaverse market</u>, this paper marks a pioneering attempt to investigate the volatility connections between the Metaverse stock index and traditional financial markets such as Gold, Crude Oil, the Volatility Index,<u> Bitcoin</u>, and the Nasdaq. Utilizing a novel <u>Quantile</u> Vector Autoregressive (QVAR) model, the study assesses the transmission of shocks between the Metaverse market and its counterparts during bearish, normal, and bullish market conditions. The results highlight a significant increase in connectivity during extreme conditions compared to median levels. Notably, the Nasdaq emerges as a principal volatility transmitter to the Metaverse index, while Bitcoin shows minimal influence, suggesting that technological innovations, rather than <u>cryptocurrencies</u>, predominantly drive the Metaverse market. This investigation provides valuable insights for investors and policymakers, considering the nascent stage of Metaverse-related empirical research.</p><h2>Other Information</h2><p dir="ltr">Published in: Research in International Business and Finance<br>License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1016/j.ribaf.2024.102527" target="_blank">https://dx.doi.org/10.1016/j.ribaf.2024.102527</a></p> |
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