Theoretical and Applied Economics
No. 3 / 2023 (636), Autumn
Financial contagion and identifying speculative frenzies: Unraveling price bubbles in cryptocurrency markets
Bucharest University of Economic Studies, Romania
Camelia DELCEA
Bucharest University of Economic Studies, Romania
Ionuț NICA
Bucharest University of Economic Studies, Romania
Simona-Liliana CRĂCIUNESCU (PARAMON)
Bucharest University of Economic Studies, Romania
Ștefan-Andrei IONESCU
Bucharest University of Economic Studies, Romania
Abstract. This research investigates the occurrence of financial bubbles in the cryptocurrency market and highlights the factors that may influence the formation of these bubbles. Three cryptocurrencies were analyzed: Bitcoin, Ethereum, and Cardano, and our findings showed that these cryptocurrencies exhibited potential bubbles during the three-year period under study, from 2020 to 2023. To detect financial bubbles, the Exponential Curve Fitting Model (EXCF) model was used. Events such as the Covid-19 pandemic and the Russia-Ukraine conflict were examined from the perspective of their potential impact on the cryptocurrency market and investor behavior. The study also illustrated how investors' behavior, whether rational or influenced by external factors, as well as internal factors such as panic levels and knowledge in the financial-economic domain, were analyzed.
Keywords: financial bubbles, financial contagion, exponential curve fitting model.
Contents
- The economics and evolution of heroic behavior
Daniel FARHAT
- Financial contagion and identifying speculative frenzies:
Unraveling price bubbles in cryptocurrency markets
Nora CHIRIȚĂ
Camelia DELCEA
Ionuț NICA
Simona-Liliana CRĂCIUNESCU (PARAMON)
Ștefan-Andrei IONESCU
- Comparative study on the legislative framework
for attracting FDI in Romania
Constantin ANGHELACHE
Ștefan Virgil IACOB
Alexandra PETRE
Cristian OLTEANU
- Macroeconomic determinants of economic growth.
An international perspective
Yashasvi PANDEY
C.R. BISHNOI
- Analysing the interrelationship
between Bitcoin price and it’s energy consumption
Neha SETH
Kirti JAIN
- Comparative study on the global performance of companies with foreign capital
and those with Romanian capital
Mădălina-Gabriela ANGHEL
Denis-Arthur STRIJEK
Marius-Cristian RĂDUȚ
- A proposal for modified human development
index for BRICS countries.
A holistic approach towards sustainable
human development
Bhawna MUDGAL
Hemlata MANGLANI
- The effect of overconfidence behaviour
on stock market volatility in Belgium
Kouamé Marcel ANZIAN
Paul Vivien OYIBO
Koffi Mouroufie Emmanuel DJEBAN
Ebi Georges FOSSOU
- The impact of the economic policy uncertainty
and geopolitical risks on tourism demand of Mexico
Veli YILANCI
Sertaç HOPOĞLU
Hakan ERYÜZLÜ
- Credit, housing prices, expectations, and the macroeconomy.
Evidence from developed and developing countries
Priti Mendiratta ARORA
Hema KAPUR
Ananya Ghosh DASTIDAR
- Competition policies and legislation regarding
the European-Asian economic corridors
Rareș-Mihai NIȚU
- Modern leadership communication
and strategic lobbying
Dumitru Alexandru BODISLAV
Raluca Iuliana GEORGESCU
Ionuț-Valeriu ANDREI
Dan Cezar OSICEANU
- Determinants of foreign capital inflows.
The role of push versus pull factors
Ramesh BOMMADEVARA
Sri Ram PADYALA
- Are stock markets of emerging economies
informationally efficient?
Causal analysis of stock prices and macroeconomic variables
of EM7 economies for the recent decade
Mearaj-ud-Din DAR
Khursheed Ahmad BUTT
- The impact of management accounting practices:
Comparative analysis study between Jordan and Romania
Omar ALHATO
- The economic vision of artificial intelligence's (AI) efficiency
Andrei Bogdan Decebal DIACONU
- Impact of FDI and energy consumption
on the agricultural productivity of BRICS nations
Sanjay Kumar PATEL
Devashish JOSHI
- Re-visiting exchange rate volatility – risk perception relation.
New evidence from Fourier tests
Selim KAYHAN
Tayfur BAYAT