Estudio de la relación entre los mercados de criptomonedas y los mercados financieros tradicionales: dependencia común y posibles efectos de interacción

Autores/as

  • Mariia Pshenychna PhD in Economics, Associate Professor of the Department of Finance and Accounting, Institute of Economics and Management, Open International University of Human Development "Ukraine", Kyiv, Ukraine https://orcid.org/0000-0002-5373-1726
  • Maryna Shevchenko PhD in Economics, Associate Professor of the Department of Accounting and Finance, National Technical University "Kharkiv Polytechnic Institute", Kharkiv, Ukraine https://orcid.org/0000-0003-2165-9907
  • Tetiana Nazarova PhD in Economics, Associate Professor of the Department of Accounting and Finance, National Technical University "Kharkiv Polytechnic Institute", Kharkiv, Ukraine https://orcid.org/0000-0001-5734-876X
  • Nataliia Ovander PhD in Economics, Associate Professor, Department of Finance and Digital Economics, Faculty of Business and Services, Zhytomyr Polytechnic State University, Zhytomyr, Ukraine https://orcid.org/0000-0002-4917-8876
  • Oksana Okhrimenko Doctor of Economics, Professor of International Economics Department, National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute”, Kyiv, Ukraine https://orcid.org/0000-0001-7361-3340

DOI:

https://doi.org/10.5377/reice.v11i22.17346

Palabras clave:

indicadores económicos, activos virtuales, relación estadística, mercado financiero, activo de inversión, economía mundial, cryptocurrencies, tecnologías económicas, desarrollo digital, digitalización

Resumen

Las tecnologías económicas modernas se están transformando en las condiciones actuales de digitalización. Las criptodivisas operan en el mercado en determinadas condiciones e interactúan de cierta manera con los mercados financieros tradicionales. Dado que las criptodivisas son dinámicas en el mercado, se ofrecen perspectivas para el futuro uso de las nuevas divisas y posibles formas de interacción con los mercados financieros tradicionales. El objetivo principal del estudio es un análisis exhaustivo y las direcciones prospectivas de la interacción de las criptodivisas con los mercados financieros tradicionales. En el curso del modelo de la influencia de los indicadores económicos fundamentales y las tendencias del mercado de valores en la dinámica de los precios de las principales cryptocurrencies. Los resultados de la investigación permiten aclarar la naturaleza económica de las criptodivisas como instrumentos financieros específicos y mejorar los modelos existentes de gestión de inversiones teniendo en cuenta las propiedades estadísticas de los activos financieros virtuales. Basándose en el análisis de los nombres del mercado, se demuestra que las criptobolsas y criptodivisas mundiales se centran en las personas, la gestión, el ahorro y los servicios. Se ha estudiado el mercado internacional de criptodivisas y su estado general. Las conclusiones se reflejan en un estudio exhaustivo de cryptocurrencies y su rápido crecimiento como la principal innovación en la economía mundial y de Ucrania.

Citas

Bannikov, V., Zalialetdzinau, K., Siasiev, A., Ivanenko, R., & Saveliev, D. (2022). Computer science trends and innovations in computer engineering against the backdrop of Russian armed aggression. International Journal of Computer Science and Network Security, 22(9), 465–470. https://doi.org/10.22937/IJCSNS.2022.22.9.60

Baranovskyi, O., Kuzheliev, M., Zherlitsyn, D., Serdyukov, K., & Sokyrko, O. (2021). Cryptocurrency market trends and fundamental economic indicators: Correlation and regression analysis. Financial and Credit Activity Problems of Theory and Practice, 3(38), 249–261. https://doi.org/10.18371/fcaptp.v3i38.237454

Beerbaum, D. O. (2023). Cryptocurrency – the future of currency? SSRN Electronic Journal. https://doi.org/10.2139/ssrn.4400519

Bezrukova, N., Huk, L., Chmil, H., Verbivska, L., Komchatnykh, O., & Kozlovskyi, Y. (2022). Digitalization as a trend of modern development of the world economy. WSEAS Transactions on Environment and Development, 18, 120–129. https://doi.org/10.37394/232015.2022.18.13

Buriak, I., & Petchenko, M. (2021). Analysis of the dilemmas of building an accounting system for the needs of future economic management. Futurity Economics&Law, 1(1), 17–23. https://doi.org/10.57125/FEL.2021.03.25.3

Burtnyak, I. V., & Fufalko, O. Y. (2023). Application of technical analysis in the cryptocurrency market. The actual problems of regional economy development, 2(19), 106–113. https://doi.org/10.15330/apred.2.19.106-113

Humenyuk, I. L., & Bilyk, T. L. (2023). Impact of cryptocurrency on international markets. Inclusion and society, 1, 7–12. https://doi.org/10.32782/2787-5137-2023-1-1

Duchenko, M. M., & Pavlenko, T. V. (2018). The influence of crypto-currency on the economy of the country. Economy and Society, 19. https://doi.org/10.32782/2524-0072/2018-19-150

Dvulit, Z., Peredalo, K., Tylipska, R., Terno, R., & Stubel, R. (2019). Cryptocurrency: State and trends of development. Ekonomika Ta Derzhava, 1, 10. https://doi.org/10.32702/2306-6806.2019.1.10

Ivanov, M. Π., & Gοstryk, Ο. M. (2020). Analysis of the cryptocurrency market and its features in modern conditions. Information technologies in economics and management, 2, 12–22. http://surl.li/ksgms

Kabaklarh, E. (2021). Future of money: cryptocurrencies, blockchain technology and central bank digital currency. International Academic Conference on management and economics, 4, 18–27. https://www.dpublication.com/wp-content/uploads/2021/12/19-8666.pdf

Kuzheliev, M. (2023). Integration of the cryptocurrency market in the financial system of Ukraine: theoretical aspects. University Economic Bulletin, 56, 137–142. https://doi.org/10.31470/2306-546x-2023-56-137-142

Lyashenko, O., Kravets, T., Petrenko, K. (2022). Dynamic Interdependence in Cryptocurrency and Stock Markets: Multiple Wavelet Correlation. Bulletin of Taras Shevchenko National University of Kyiv, 4(221), 37–44. https://doi.org/10.17721/1728-2667.2022/221-4/5

Makarchuk,I., Perchuk, O., Yaremenko, L., & Stratan, A. (2021). Peculiarities of functioning of the global cryptocurrency market in the conditions of transformative changes in the global economic environment. Agrosvit, 7(8), 86–93. http://www.agrosvit.info/pdf/7-8_2021/14.pdf

Morgan, J. (2023). Systemic stablecoin and the brave new world of digital money. Cambridge Journal of Economics, 47(1), 215–260. https://doi.org/10.1093/cje/beac060

Onyschenko, Yu. I., & Kapsamun, S. Yu. (2019). Cryptocurrency as a financial asset for investment by banks. Scientific Bulletin of the Uzhhorod National University, 25(2), 25–30. http://www.visnyk-econom.uzhnu.uz.ua/archive/25_2_2019ua/7.pdf

Orekhov, M. (2019). Modification of competitive mechanisms in the global financial market in conditions of digitalization. Galician economik journal, 4(59), 122–132. https://doi.org/10.33108/galicianvisnyk_tntu2019.04

Ovcharova, S. (2022). On the relationship between digitalization and the national smart economy model to achieve strategies of innovative progress. Futurity Economics&Law, 2(3), 28–38. https://doi.org/10.57125/FEL.2022.09.25.04

Ozili, P. K. (2023). CBDC, Fintech and cryptocurrency for financial inclusion and financial stability. Digital Policy Regulation and Governance, 25(1), 40–57. https://doi.org/10.1108/dprg-04-2022-0033

Rubanov, P., Girzheva, O., Ivashko, L., & Britchenko, I. (2022). Cryptocurrency: Value formation factors and investment risks. Journal of Information Technology Management, Special Issue: Digitalization of Socio-Economic Processes, 14, 179 – 200. https://doi.org/10.2139/ssrn.4235620

Ponomarenko, T. (2023). Dominance of global brands in the consumer shopping cart: analysis of customer preferences at the global level. Futurity Economics&Law, 3(2), 61–73. https://doi.org/10.57125/FEL.2023.06.25.05

Pylypenko, O. V. (2023). Investing in cryptocurrencies: opportunities and risks. Scientific progress: innovations, achievements and prospects, 523–527. https://www.researchgate.net/publication/371416639_SCIENTIFIC-PROGRESS-INNOVATIONS-ACHIEVEMENTS-AND-PROSPECTS-29-31052023

Redko, K., Zaletska, I., & Chyrva, H. (2023). Comprehensive modernization and innovative development of the SMART economy of the future. Futurity Economics&Law, 3(1), 35–43. https://doi.org/10.57125/FEL.2023.03.25.04

Roieva, O., Oneshko, S., Sulima, N., Saienko, V., & Makurin, A. (2023). Identification of digitalization as a direction of innovative development of modern enterprise. Financial and Credit Activity Problems of Theory and Practice, 1(48), 312–325. https://doi.org/10.55643/fcaptp.1.48.2023.3968

Savchenko, M., Gorkun, K., Pshenichny, V. (2019). Determinants of cryptocurrency market development in Ukraine and the world. Economics and management organization, 4(40), 75–82. https://doi.org/10.31558/2307-2318.2020.4.7

Shamsul Abd Aziz, A., Azlina Mohd Noor, N., & Farouk Al Mashhour, O. (2022). The Money of The Future: A Study of The Legal Challenges Facing Cryptocurrencies. BiLD Law Journal 7(1), 21-33. http://surl.li/jvxsb

Shkylyov, D., & Parubets, O. (2022). The problems of researching the development of the cryptocurrency market in modern conditions. Scientific Collection "InterConf", (138), 70–73. https://archive.interconf.center/index.php/conference-proceeding/article/view/2028

Stoyka, M. (2021). Cryptocurrency – Definition, Features, Benefits and Risks. Entrepreneurship and trade, 30, 5-10. https://doi.org/10.36477/2522-1256-2021-30-01

Tesliuk, N., Zhulin, O., Nazarenko, Y., & Kuimova, A. (2021). Analysis of cryptocurrency development in the virtual market of financial services. Efektyvna Ekonomika, 7. https://doi.org/10.32702/2307-2105-2021.7.75

Tkalenko, S., Tipanov, V., Savchuk, N., Murashko, O., & Petukhova, O. (2022). Assessment of the state of development of the international cryptocurrency market in the conditions of digitalization. Financial and Credit Activity Problems of Theory and Practice, 5(46), 97–108. https://doi.org/10.55643/fcaptp.5.46.2022.3841

Top 100 Cryptocurrencies by Market Capitalization (2023). CoinMarketCap. URL: https://coinmarketcap.com/uk/coins/

Volosovych, S., Sholoiko, A., & Shevchenko, L. (2023). Cryptocurrency market transformation during pandemic covid-19. Financial and Credit Activity Problems of Theory and Practice, 1(48), 114–126. https://doi.org/10.55643/fcaptp.1.48.2023.3949

Wątorek, M., Kwapień, J., & Drożdż, S. (2023). Cryptocurrencies are becoming part of the world global financial market. Entropy, 25(2), 377. https://doi.org/10.3390/e25020377

Yermolenko, O., Lysonkova, N., & Shumbar, A. (2019). The essence of cryptocurrencies and prospects for their development under modern conditions. Market Infrastructure, 37, 43-49. https://doi.org/10.32843/infrastruct37-7

Zakharkin, O.O., Zakharkina, L.S., Moskalyova, O.O. (2017). Evaluation of the volatility of the cryptocurrency market compared to other investment instruments in Ukraine. Problems of the systemic approach in economics, 6(62), 85–92. http://psae-jrnl.nau.in.ua/journal/6_62_2_2017_ukr/14.pdf

Descargas

Publicado

13-12-2023

Cómo citar

Pshenychna , M. ., Shevchenko, M., Nazarova , T., Ovander , N. ., & Okhrimenko, O. . (2023). Estudio de la relación entre los mercados de criptomonedas y los mercados financieros tradicionales: dependencia común y posibles efectos de interacción. REICE: Revista Electrónica De Investigación En Ciencias Económicas, 11(22), 112–134. https://doi.org/10.5377/reice.v11i22.17346

Número

Sección

Artículos de Investigación

Artículos similares

1 2 3 4 5 6 7 8 9 10 > >> 

También puede {advancedSearchLink} para este artículo.