International Review of Economics & Finance, Год журнала: 2024, Номер 96, С. 103515 - 103515
Опубликована: Авг. 19, 2024
Язык: Английский
Energy Economics, Год журнала: 2023, Номер 127, С. 107082 - 107082
Опубликована: Окт. 10, 2023
Язык: Английский
Процитировано
59
The North American Journal of Economics and Finance, Год журнала: 2023, Номер 68, С. 101983 - 101983
Опубликована: Июль 29, 2023
We examine the linkages between fifteen major cryptocurrencies, NFTs, and DeFi assets before during Russia-Ukraine military conflict, using TVP-VAR framework. observe a high level of spillovers in pre-conflict period that persists confrontation. However, topology network connectedness changes conflict as several digital are seen to alter their status from net recipient transmitter vice-versa. Additionally, we report stronger transmitting receiving vis-à-vis full sample observed conflict. Ethereum, Chainlink, Bancor, BAT, Bitcoin (Decentraland, Maker, DigiByte, XRP) consistent transmitters (receivers) return spillovers. Chainlink BAT (Bitcoin volatility innovations. an asset class, play important role absorption shock coming NFTs assets. The classes least associated with one another those pair DeFi-cryptocurrencies. findings have valuable implications for investors, portfolio managers, policymakers.
Язык: Английский
Процитировано
29
Journal of Cleaner Production, Год журнала: 2024, Номер 449, С. 141667 - 141667
Опубликована: Март 5, 2024
Язык: Английский
Процитировано
16
Energy Economics, Год журнала: 2024, Номер 133, С. 107476 - 107476
Опубликована: Март 21, 2024
Язык: Английский
Процитировано
15
Journal of Futures Markets, Год журнала: 2024, Номер 44(10), С. 1613 - 1639
Опубликована: Июль 18, 2024
ABSTRACT We apply a Time‐Varying Parameter Vector Auto Regressive (TVP‐VAR) connectedness approach on global assets to investigate time‐varying dynamic connectedness, portfolio performance, and hedge effectiveness during COVID‐19 the Russia–Ukraine war. With increased changing role of energy soft commodities these two events, we find minimum correlation (connectedness) performing better war that cumulative returns portfolios are higher COVID‐19. Additionally, varying (stable) equity market indices (cryptocurrencies). This paper provides specific insights investors about using optimal hedging pandemics military conflicts.
Язык: Английский
Процитировано
6
Journal of Financial Economic Policy, Год журнала: 2023, Номер 15(6), С. 551 - 573
Опубликована: Сен. 26, 2023
Purpose This study aims to investigate the possibilities of cryptocurrencies as hedges and diversifiers in Indian stock market before during financial crisis due pandemic Russia–Ukraine war. Design/methodology/approach Researchers have used daily data on prices from March 10, 2015 August 26, 2022. The researchers dynamic conditional correlations (DCC)-GARCH model determine volatility spillover correlation between stocks digital currencies. Further, explored hedge ratio, portfolio weight hedging effectiveness using estimates DCC-GARCH model. Findings findings indicate a negative equities positive except for Tether crisis. Which implies that serve asset but are not more than diversifier crisis, Tether. Notably, serves safe haven times Finally, suggests Bitcoin, Ethereum, Binance Coin Ripple most effective Originality/value makes several contributions existing literature. First, it compares diversification roles Second, provide insights risk can guide investors. Third, may help rational investors avoid underestimating while constructing portfolios, particularly turmoil.
Язык: Английский
Процитировано
15
International Journal of Emerging Markets, Год журнала: 2024, Номер unknown
Опубликована: Янв. 12, 2024
Purpose This study is designed to examine the dynamic interrelationships between four cryptocurrencies (Bitcoin, Ethereum, Dogecoin and Cardano) Indian equity market. Additionally, seeks investigate potential safe haven, hedge diversification uses of these digital currencies within Design/methodology/approach employs wavelet approach time-varying volatility studied assets lead-lag relationship stocks cryptocurrencies. The authors execute entire analysis using daily data from 1st October 2017 30th September 2023. Findings result shows that financial distress due pandemic Russian invasion Ukraine have a negative effect on equities cryptocurrency markets, escalating their price volatility. Also, connectedness returns stock currency exhibits strong positive during periods distress. serve as tool or hedging in markets normal circumstances, but they do not diversifier haven turmoil. Originality/value contributes understanding market techniques time frequency domains, considering both crisis times. can offer valuable insights into inside mainly with respect varying conditions investment horizons.
Язык: Английский
Процитировано
5
International Review of Economics & Finance, Год журнала: 2024, Номер 93, С. 582 - 610
Опубликована: Март 19, 2024
Язык: Английский
Процитировано
4
Eurasian economic review, Год журнала: 2024, Номер 14(2), С. 507 - 538
Опубликована: Март 30, 2024
Язык: Английский
Процитировано
4
The economy strategy and practice, Год журнала: 2025, Номер 19(4), С. 20 - 37
Опубликована: Янв. 14, 2025
This study examines the ongoing debate between Decentralized Finance (DeFi) and Centralized (CeFi), analysing their unique advantages challenges within rapidly evolving financial landscape. The objective of this research is to argue for convergence DeFi CeFi create an innovative secure ecosystem that balances accessibility with security, using Kazakhstan as a case study. employs comparative analysis case-study methodology explore Kazakhstan’s regulatory approach digital assets. focus on understanding how licensing, anti-money laundering (AML) protocols, consumer protection measures can support integration CeFi. Primary data includes framework assets, statistical AML implementation, levels country. Findings indicate hybrid model effectively bridges operational differences CeFi, fostering inclusivity economic growth while safeguarding interests. licensing protocols illustrates balanced accommodate both technological progress necessary protections participants. concludes through lay foundation sustainable environment accessible, innovative, secure. Future studies are encouraged role emerging technologies, such quantum computing, examine socio-economic impacts DeFiCeFi underserved populations.
Язык: Английский
Процитировано
0