Print Email Facebook Twitter Dependence and risk spillovers among clean cryptocurrencies prices and media environmental attention Title Dependence and risk spillovers among clean cryptocurrencies prices and media environmental attention Author Ndubuisi, G.O. (TU Delft Economics of Technology and Innovation) Urom, Christian (Paris School of Business) Date 2023 Abstract This paper examines the relationships among cryptocurrency environmental attention and clean cryptocurrencies prices using Time-Varying Parameter Vector Auto-Regression (TVP-VAR) and wavelets techniques. Results show strong connectedness among these variables, implying that the prices of clean cryptocurrencies are influenced by attention on cryptocurrency sustainability. Connectedness is stronger with positive shocks on environmental attention than negative shocks. Also, in the short-term, clean cryptocurrencies prices lead environmental attention, especially after 2021. However, there are notable periods when environmental attention led clean cryptocurrency prices before 2021. In the long-term, clean cryptocurrencies such as Hedera, Polygon, Cosmos, IOTA, TRON, Stellar, Tezos and Ripple lead environmental attention. In the presence of bitcoin, the degrees of connectedness increased across both shocks on cryptocurrency environmental attention. In all cases, the bitcoin market is the main destination of shocks from the system. We highlight some crucial implications of these results. Subject Asymmetric connectednessClean cryptocurrencyCryptocurrency environmental attentionEnvironmental sustainabilityRisk spilloversWavelets coherence To reference this document use: http://resolver.tudelft.nl/uuid:5d06d62c-f54f-4a64-b07e-1c81ce6d6534 DOI https://doi.org/10.1016/j.ribaf.2023.101953 Embargo date 2023-10-05 ISSN 0275-5319 Source Research in International Business and Finance, 65 Bibliographical note Green Open Access added to TU Delft Institutional Repository ‘You share, we take care!’ – Taverne project https://www.openaccess.nl/en/you-share-we-take-care Otherwise as indicated in the copyright section: the publisher is the copyright holder of this work and the author uses the Dutch legislation to make this work public. Part of collection Institutional Repository Document type journal article Rights © 2023 G.O. Ndubuisi, Christian Urom Files PDF 1_s2.0_S027553192300079X_main.pdf 4.85 MB Close viewer /islandora/object/uuid:5d06d62c-f54f-4a64-b07e-1c81ce6d6534/datastream/OBJ/view