• Medientyp: E-Book
  • Titel: Any Port in a Storm : Cryptocurrency Safe-Havens during the COVID-19 Pandemic
  • Beteiligte: Corbet, Shaen [Verfasser:in]; Hou, Greg [Sonstige Person, Familie und Körperschaft]; Hu, Yang [Sonstige Person, Familie und Körperschaft]; Larkin, Charles James [Sonstige Person, Familie und Körperschaft]; Oxley, Les [Sonstige Person, Familie und Körperschaft]
  • Erschienen: [S.l.]: SSRN, [2020]
  • Umfang: 1 Online-Ressource (13 p)
  • Sprache: Englisch
  • DOI: 10.2139/ssrn.3610461
  • Identifikator:
  • Entstehung:
  • Anmerkungen: Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 25, 2020 erstellt
  • Beschreibung: Controlling for the polarity and subjectivity of social media data based on the development of the COVID-19 outbreak, we analyse the relationships between the largest cryptocurrencies and such time-varying realisation as to the scale of the economic shock centralised within the rapidly-escalating pandemic. We find evidence of significant growth in both returns and volumes traded, indicating that large cryptocurrencies acted as a store of value during this period of exceptional financial market stress. Further, cryptocurrency returns are found to be significantly influenced by negative sentiment relating to COVID-19. While not only providing diversification benefits for investors, results suggest that these digital assets acted as a safe-haven similar to that of precious metals during historic crises
  • Zugangsstatus: Freier Zugang