Res.Assist. Sureyya İmre Bıyıklı and Dr. Instructor Member Olcay Ölçen's article The Day of the Week Effect in Euro and Bitcoin: Evidence from Volatility Models was published in the International Journal of Entrepreneurship and Management Inquiries. The article summary is as follows:
In order to understand relationships between different currencies, Econometrics presents us a lot of tools. One of these tools ARCH Models are often used by many papers. On the other side, anomalies, and volatilities are the main psychological results of financial markets. This paper, it is aimed to determine some anomalies of currencies with an ARCH model as EGARCH (p, q) model with data 03.02.2014-31.12.2020 period on Bitcoin and Euro Currency. It is made in this paper clear that financial investors behave towards financial assets within anomalies and volatilities. Therefore, it is proved that the main focal point of financial epistemology should be anomalies, so volatilities also in financial innovations.
You can find the full article at the link below:
https://dergipark.org.tr/en/download/article-file/2299087
