Document Type
Article
Abstract
This paper explores the impact of sentiment on return spillovers among seven major Non-Fungible Tokens (NFTs). Using daily sentiment data from Thomson Reuters MarketPysch Indices and controlling for uncertainty factors and NFT sales, we examine the relationship between media sentiment and NFTs return spillovers using a TVP-VAR model. Our findings show that individual NFTs sentiment is important for spillover dynamics and the effect of sentiment changes based on market uncertainty. The study highlights the need for NFTs investors to focus on market sentiment themes rather than overall sentiment
Recommended Citation
Cepni, Oguzhan and Aysan, Ahmet Faruk
(2023)
"Coin Specific Sentiments Matter For The Non-Fungible Tokens Spillovers: How And When?,"
Bulletin of Monetary Economics and Banking: Vol. 26:
No.
4, Article 6.
DOI: https://doi.org/10.59091/2460-9196.2155
Available at:
https://bulletin.bmeb-bi.org/bmeb/vol26/iss4/6
First Page
637
Last Page
658
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Country
Qatar
Affiliation
Hamad Bin Khalifa University
