Global uncertainty and potential shelters: gold, bitcoin, and currencies as weak and strong safe havens for main world stock markets

Global uncertainty and potential shelters: gold, bitcoin, and currencies as weak and strong safe havens for main world stock markets

Abstract This article investigates five safe-haven asset responses from 2014 to 2022, including the unprecedented COVID-19 crisis, Russian invasion of Ukraine, and sharp US interest rate increases of 2015 and 2022. We apply the unique approach of the multivariate factor stochastic volatility (MSV) m...

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Bibliographic Details
Main Authors: Ewa Feder-Sempach, Piotr Szczepocki, Joanna Bogołębska
Format: Article
Language:English
Published: SpringerOpen 2024-03-01
Series:Financial Innovation
Subjects:
Bitcoin
Global uncertainties
Gold
Hedging
Reserve currencies
Safe haven
Online Access:https://doi.org/10.1186/s40854-023-00589-w

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