CHITTAGONG INDEPENDENT UNIVERSITY (CIU)

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CIU Journal ISSN (Print): 2664-0457 ISSN (Online): 2664-0465 CIU Journal (Chittagong Independent University Journal), a double blind peer-reviewed journal, is published in hard and soft forms in December every year. However, a submission is welcomed any time of the year. CIU journal promises to an esteemed outlet for showcasing high-quality research related to all branches of contemporary knowledge – natural sciences, social sciences, liberal arts, engineering, business and law. The CIU journal is destined to advance the contemporary theoretical and empirical knowledge through publication and dissemination of innovative research articles to the scholarly community with special emphasis on Bangladesh and other emerging economies of the world. Thus, the CIU Journal is multidisciplinary in scope and is open to all research methods including qualitative, quantitative and mixed approaches. The CIU Journal publishes empirical papers, conceptual papers, review papers, case studies, research notes, practitioners’ perspectives and book reviews.

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    Volatility in Cryptocurrency Market – Before and During Covid-19 Pandemic
    (CIU Journal, 2020-12-01) Emon Kalyan Chowdhury1
    This paper aims to measure the nature of volatility in the cryptocurrency market before and during Covid-19 pandemic period. To achieve this goal, the Wald test, Granger Causality and Generalized Autoregressive Conditional Heteroskedasticity (1,1) have been applied considering the daily US dollar dominated closing prices of 15 leading cryptocurrencies and volatility index (VIX- CBOE) from 1 January, 2019 to 5 June, 2020. The presence of structural breaks in all the selected cryptocurrencies is observed which result in erroneous forecasting in cryptocurrency market. The small size of cryptocurrency market hinders the risk diversification. It is further noticed that cryptocurrencies are exposed to the systematic bubble risks and therefore it is very unpredictable. Inclusion of cryptocurrencies in the portfolio along with conventional instruments like stocks, bonds, precious metals, commodities, and paper currencies may gear up the overall return on investment and increase the possibility of risk diversification if necessary investment precautions are taken.
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