dc.contributor.author |
Aye, Goodness Chioma
|
|
dc.contributor.author |
Demirer, Riza
|
|
dc.contributor.author |
Gupta, Rangan
|
|
dc.contributor.author |
Nel, Jacobus
|
|
dc.date.accessioned |
2023-10-05T08:43:24Z |
|
dc.date.available |
2023-10-05T08:43:24Z |
|
dc.date.issued |
2023-04 |
|
dc.description.abstract |
This paper examines the causal interactions between energy consumption due to cryptocurrency mining activity and electricity return and volatility patterns across the power markets in the U.S., U.K. and Europe. We find that the effect is heterogeneous across the different power markets examined, while the effect of mining activity is consistently focused on return volatility. Accordingly, our findings provide robust evidence of the volatility effects of mining activity in power markets, suggesting that the crypto mining-power market nexus primarily entails risk effects, an issue of particular concern for hedgers whose goal is to stabilize energy costs in their operations. |
en_US |
dc.description.department |
Economics |
en_US |
dc.description.librarian |
hj2023 |
en_US |
dc.description.uri |
https://www.elsevier.com/locate/jclepro |
en_US |
dc.identifier.citation |
Aye, G.C., Demirer, R., Gupta, R. et al. 2023, 'The pricing implications of cryptocurrency mining on global electricity markets: evidence from quantile causality tests', Journal of Cleaner Production, vol. 397, art. 136572, pp. 1-10, doi : 10.1016/j.jclepro.2023.136572. |
en_US |
dc.identifier.issn |
0959-6526 (print) |
|
dc.identifier.issn |
1879-1786 (online) |
|
dc.identifier.other |
10.1016/j.jclepro.2023.136572 |
|
dc.identifier.uri |
http://hdl.handle.net/2263/92718 |
|
dc.language.iso |
en |
en_US |
dc.publisher |
Elsevier |
en_US |
dc.rights |
© 2023 Elsevier Ltd. All rights reserved. Notice : this is the author’s version of a work that was submitted for publication in Journal of Cleaner Production. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms are not reflected in this document. A definitive version was subsequently published in Journal of Cleaner Production, vol. 397, art. 136572, pp. 1-10, 2023, doi : 10.1016/j.jclepro.2023.136572. |
en_US |
dc.subject |
Electricity market |
en_US |
dc.subject |
Bitcoin |
en_US |
dc.subject |
Quantile causality |
en_US |
dc.subject |
SDG-07: Affordable and clean energy |
en_US |
dc.subject |
SDG-08: Decent work and economic growth |
en_US |
dc.title |
The pricing implications of cryptocurrency mining on global electricity markets : evidence from quantile causality tests |
en_US |
dc.type |
Preprint Article |
en_US |