An analysis of volatility and herd behavior among investors in the S&P500 stock market index, Bitcoin, and gold markets

Mohammad Qezelbash; Saeid Tajdini; Farzad Jafari; Majid Lotfi Ghahroud; Mohammad Farajnezhad

Volume 3, Issue 2 , December 2023, , Pages 77-92

https://doi.org/10.22054/jmmf.2024.75516.1103

Abstract
  In recent years, cryptocurrency has attracted more attention and is a new option in the economy and the financial sector. The purpose of this study is to the volatility and “herd behavior” of the cryptocurrency, gold, and stock markets in the US. This research is aimed at investor “herd ...  Read More

Unraveling the impact of Iranian currency exchange on central bank digital currency: navigating through history-oriented bias

Majid Lotfi Ghahroud; Farzad Jafari; Saeid Tajdini; Mohammad Farajnezhad; Mohammad Qezelbash

Volume 3, Issue 2 , December 2023, , Pages 129-148

https://doi.org/10.22054/jmmf.2024.75347.1102

Abstract
  This study examines the dynamics of the Iranian foreign exchange market and its impact on the exchange rate used by traders, and not the official rate in Iran. The study aims to extend Fama's theory of market efficiency and proposes a new model to define the opposite point called "Historical bias". The ...  Read More