IS BITCOIN TIED TO BRICS MARKETS? A DEEP DIVE INTO COINTEGRATION AND WAVELET COHERENCE

Authors

  • Emmanuval J Research scholar Department of Commerce Fatima Mata National College
  • Praseedha S J Research Scholar, Department of Commerce, School of Business Management and Legal Studies, University of Kerala
  • Dr. Sajeeve V P Professor (Rtd), Department of commerce, Bishop Moore college, Mavelikkara

Keywords:

Bitcoin, BRICS, Cointegration, Cryptocurrency, Wavelet Coherence

Abstract

This study explores the dynamic relationship between Bitcoin and BRICS stock markets using cointegration and wavelet coherence analyses. We used daily Bitcoin and BRICS stock market indices from 01 January, 2013 to 31 March, 2024. The findings of the study reveal valuable insights into Bitcoin's utility as an investment asset in emerging markets and its role in financial portfolios. The independence of Bitcoin from traditional markets, particularly in emerging economies like the BRICS nations, has significant implications for portfolio diversification, risk management, and financial stability.

Author Biographies

Praseedha S J, Research Scholar, Department of Commerce, School of Business Management and Legal Studies, University of Kerala

Research Scholar

Department of Commerce

School of Business Management and Legal Studies

University of Kerala

Dr. Sajeeve V P, Professor (Rtd), Department of commerce, Bishop Moore college, Mavelikkara

Professor (Rtd)

Department of commerce

Bishop Moore college, Mavelikkara

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Published

2025-02-28

Issue

Vol. 56 No. 02 (2024): Indian Journal of Accounting

Section

Articles

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