Academic Bibliography

 Search 200 years of publications by Ghent University researchers.
Advanced search
1 file | 1.83 MB
Add to list
  1. Search results
  2. COVID-19 pandemic : is the crypto mar...

COVID-19 pandemic : is the crypto market a safe haven? The impact of the first wave

Darko Vukovic, Moinak Maiti, Zoran Grubisic, Elena M. Grigorieva and Michael Frömmel (UGent)
(2021) SUSTAINABILITY. 13(15).
Author
Organization
Abstract
The present study investigated whether the crypto market is a safe haven. The study argues that during the first wave of the COVID-19 crisis, gold and oil, as typical global commodities, could have been diversifiers. The study developed a unique COVID-19 global composite index that measures COVID-19 pandemic time-variant movements on each day. The study used OLS (ordinary least squares), quantile, and robust regressions to check whether the COVID-19 crisis has had any significant direct influence on the crypto market. The OLS, quantile, and robust regressions estimates confirmed that there was no statistically significant direct influence of the COVID-19 crisis on the crypto market in the first wave period. However, the study found spillovers from risky assets (S&P 500) on the crypto market, with Tether as an exception. Due to this special characteristic, Tether might present a safe haven within the crypto market.
Keywords
cryptocurrency, COVID-19, safe haven, quantile regression, tether

Downloads

  • Download
    2021 Sustainability.pdf
    • full text (Published version)
    • |
    • open access
    • |
    • PDF
    • |
    • 1.83 MB

Citation

Please use this url to cite or link to this publication:

MLA
Vukovic, Darko, et al. “COVID-19 Pandemic : Is the Crypto Market a Safe Haven? The Impact of the First Wave.” SUSTAINABILITY, vol. 13, no. 15, 2021, doi:10.3390/su13158578.
APA
Vukovic, D., Maiti, M., Grubisic, Z., Grigorieva, E. M., & Frömmel, M. (2021). COVID-19 pandemic : is the crypto market a safe haven? The impact of the first wave. SUSTAINABILITY, 13(15). https://doi.org/10.3390/su13158578
Chicago author-date
Vukovic, Darko, Moinak Maiti, Zoran Grubisic, Elena M. Grigorieva, and Michael Frömmel. 2021. “COVID-19 Pandemic : Is the Crypto Market a Safe Haven? The Impact of the First Wave.” SUSTAINABILITY 13 (15). https://doi.org/10.3390/su13158578.
Chicago author-date (all authors)
Vukovic, Darko, Moinak Maiti, Zoran Grubisic, Elena M. Grigorieva, and Michael Frömmel. 2021. “COVID-19 Pandemic : Is the Crypto Market a Safe Haven? The Impact of the First Wave.” SUSTAINABILITY 13 (15). doi:10.3390/su13158578.
Vancouver
1.
Vukovic D, Maiti M, Grubisic Z, Grigorieva EM, Frömmel M. COVID-19 pandemic : is the crypto market a safe haven? The impact of the first wave. SUSTAINABILITY. 2021;13(15).
IEEE
[1]
D. Vukovic, M. Maiti, Z. Grubisic, E. M. Grigorieva, and M. Frömmel, “COVID-19 pandemic : is the crypto market a safe haven? The impact of the first wave,” SUSTAINABILITY, vol. 13, no. 15, 2021.
@article{8716853,
  abstract     = {{The present study investigated whether the crypto market is a safe haven. The study argues that during the first wave of the COVID-19 crisis, gold and oil, as typical global commodities, could have been diversifiers. The study developed a unique COVID-19 global composite index that measures COVID-19 pandemic time-variant movements on each day. The study used OLS (ordinary least squares), quantile, and robust regressions to check whether the COVID-19 crisis has had any significant direct influence on the crypto market. The OLS, quantile, and robust regressions estimates confirmed that there was no statistically significant direct influence of the COVID-19 crisis on the crypto market in the first wave period. However, the study found spillovers from risky assets (S&P 500) on the crypto market, with Tether as an exception. Due to this special characteristic, Tether might present a safe haven within the crypto market.}},
  articleno    = {{8578}},
  author       = {{Vukovic, Darko and Maiti, Moinak and Grubisic, Zoran and Grigorieva, Elena M. and Frömmel, Michael}},
  issn         = {{2071-1050}},
  journal      = {{SUSTAINABILITY}},
  keywords     = {{cryptocurrency,COVID-19,safe haven,quantile regression,tether}},
  language     = {{eng}},
  number       = {{15}},
  pages        = {{17}},
  title        = {{COVID-19 pandemic : is the crypto market a safe haven? The impact of the first wave}},
  url          = {{http://doi.org/10.3390/su13158578}},
  volume       = {{13}},
  year         = {{2021}},
}
Altmetric
View in Altmetric
Web of Science
Times cited: