12/14/2023 0 Comments Cryptocurrency exchange ratesThe sentiment analysis shows that the reviews were dominated by positive sentiments, as 17.3 per cent of the words in the corpus expressed positive sentiment as against only 8.2 per cent, which revealed negative sentiment. The overall mean rating for the apps was 3.45, indicating an above-average score. In all, 1,027,038 words from 158,047 reviews of 24 commercial banks’ mobile banking apps were analysed. To achieve this, we analyse star ratings assigned to the apps as well as the qualitative comments provided by bank customers. This paper investigates the inherent sentiments contained in the users’ reviews of the mobile banking apps developed by all the deposit money banks, (DMBs) in Nigeria. Mobile banking apps are solutions enabled on mobile communication networks to offer transactional and non-transactional financial services to customers with bank accounts. Hence, when building a multi-asset portfolio covering these five emerging nations, cryptocurrencies do not offer investors diversification, hedging, or haven benefits. All the assets taken under study, country-wise, are cointegrated with one another. The robustness of the causality relations is checked using the Johansen Cointegration test. None of the countries has exhibited a bidirectional relationship between traditional assets and the crypto index. In Vietnam, stock index returns cause crypto returns in Peru, gold returns cause crypto returns and in Turkey, crypto returns cause currency returns. In the case of the Philippines, there is a unidirectional causality relationship from crypto returns to currency returns and gold returns to crypto index returns. The Granger Causality test results reveal no causality between Nigeria’s chosen traditional assets and the cryptocurrency index. The composite Crypto Index was created using the top seven cryptocurrencies based on market capitalization. The study period is from October 2017 to June 2021. Vector Autoregression Granger causality and Johansen Cointegration tests are conducted to study the relationship between each traditional asset and cryptocurrencies. The paper explores the possibility of creating a multi-asset portfolio, including cryptocurrencies. Emerging economies attract the attention of portfolio managers due to the high returns associated with assets originating from these countries. According to Statista’s 2020 Cryptocurrency Adoption Survey, these five countries showed high levels of crypto usage and ownership. This paper investigates the relationship of cryptocurrencies with four traditional assets: equity, fiat currencies, crude oil, and gold in Nigeria, Vietnam, the Philippines, Turkey, and Peru.
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