Examining the co-movement between cryptocurrency uncertainty and central bank digital currency uncertainty
This paper investigates the dynamic co-movement between the Cryptocurrency Uncertainty indices and the Central Bank Digital Currency Uncertainty indices. We apply the wavelet coherence framework using weekly data from January 13, 2017, to December 30, 2022. The empirical results reveal the significa...
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| Format: | Article |
| Language: | English |
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HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE
2025-01-01
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| Series: | Ho Chi Minh City Open University Journal of Science - Economics and Business Administration |
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| Online Access: | https://journalofscience.ou.edu.vn/index.php/econ-en/article/view/3400 |
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| author | Thai Hong Le Duc Anh Nguyen Tu Thanh Vu |
| author_facet | Thai Hong Le Duc Anh Nguyen Tu Thanh Vu |
| author_sort | Thai Hong Le |
| collection | DOAJ |
| description | This paper investigates the dynamic co-movement between the Cryptocurrency Uncertainty indices and the Central Bank Digital Currency Uncertainty indices. We apply the wavelet coherence framework using weekly data from January 13, 2017, to December 30, 2022. The empirical results reveal the significant co-movement between the Cryptocurrency Uncertainty Indices and the Central Bank Digital Currency Uncertainty Indices. Our findings suggest that the Cryptocurrency Policy Uncertainty index is highly correlated with the Central Bank Digital Currency Uncertainty index in the medium and long term but with the Central Bank Digital Currency Attention index in the short term. Our findings thus indicate that the Cryptocurrency Policy Uncertainty index can be used to predict the Central Bank Digital Currency Uncertainty index. On the other hand, the Cryptocurrency Environmental Attention index has historically correlated with the Central Bank Digital Currency Uncertainty indices in terms of long frequency. |
| format | Article |
| id | doaj-art-22620645eef14daca58b372d45b289d0 |
| institution | Kabale University |
| issn | 2734-9314 2734-9586 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE |
| record_format | Article |
| series | Ho Chi Minh City Open University Journal of Science - Economics and Business Administration |
| spelling | doaj-art-22620645eef14daca58b372d45b289d02025-08-20T04:02:28ZengHO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCEHo Chi Minh City Open University Journal of Science - Economics and Business Administration2734-93142734-95862025-01-01155698410.46223/HCMCOUJS.econ.en.15.5.3400.20252270Examining the co-movement between cryptocurrency uncertainty and central bank digital currency uncertaintyThai Hong Le0Duc Anh Nguyen1Tu Thanh Vu2University of Economics and Business, Vietnam National University Hanoi, HanoiUniversity of Economics and Business, Vietnam National University Hanoi, HanoiUniversity of Economics and Business, Vietnam National University Hanoi, HanoiThis paper investigates the dynamic co-movement between the Cryptocurrency Uncertainty indices and the Central Bank Digital Currency Uncertainty indices. We apply the wavelet coherence framework using weekly data from January 13, 2017, to December 30, 2022. The empirical results reveal the significant co-movement between the Cryptocurrency Uncertainty Indices and the Central Bank Digital Currency Uncertainty Indices. Our findings suggest that the Cryptocurrency Policy Uncertainty index is highly correlated with the Central Bank Digital Currency Uncertainty index in the medium and long term but with the Central Bank Digital Currency Attention index in the short term. Our findings thus indicate that the Cryptocurrency Policy Uncertainty index can be used to predict the Central Bank Digital Currency Uncertainty index. On the other hand, the Cryptocurrency Environmental Attention index has historically correlated with the Central Bank Digital Currency Uncertainty indices in terms of long frequency.https://journalofscience.ou.edu.vn/index.php/econ-en/article/view/3400biwavelet coherencecentral bank digital currency uncertaintycryptocurrency uncertainty |
| spellingShingle | Thai Hong Le Duc Anh Nguyen Tu Thanh Vu Examining the co-movement between cryptocurrency uncertainty and central bank digital currency uncertainty Ho Chi Minh City Open University Journal of Science - Economics and Business Administration biwavelet coherence central bank digital currency uncertainty cryptocurrency uncertainty |
| title | Examining the co-movement between cryptocurrency uncertainty and central bank digital currency uncertainty |
| title_full | Examining the co-movement between cryptocurrency uncertainty and central bank digital currency uncertainty |
| title_fullStr | Examining the co-movement between cryptocurrency uncertainty and central bank digital currency uncertainty |
| title_full_unstemmed | Examining the co-movement between cryptocurrency uncertainty and central bank digital currency uncertainty |
| title_short | Examining the co-movement between cryptocurrency uncertainty and central bank digital currency uncertainty |
| title_sort | examining the co movement between cryptocurrency uncertainty and central bank digital currency uncertainty |
| topic | biwavelet coherence central bank digital currency uncertainty cryptocurrency uncertainty |
| url | https://journalofscience.ou.edu.vn/index.php/econ-en/article/view/3400 |
| work_keys_str_mv | AT thaihongle examiningthecomovementbetweencryptocurrencyuncertaintyandcentralbankdigitalcurrencyuncertainty AT ducanhnguyen examiningthecomovementbetweencryptocurrencyuncertaintyandcentralbankdigitalcurrencyuncertainty AT tuthanhvu examiningthecomovementbetweencryptocurrencyuncertaintyandcentralbankdigitalcurrencyuncertainty |