When you need them, they are not there: hedge capacities of cryptocurrencies disappear in downtrend markets
Abstract We provide empirical evidence supporting the economic reasoning behind the impossibility of diversification benefits and the hedge attributes of cryptocurrencies remaining in force during the downside trends observed in bearish financial markets. We employ a spillover connectedness model dr...
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| Hauptverfasser: | , , , |
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| Format: | Artigo |
| Sprache: | Inglês |
| Veröffentlicht: |
SpringerOpen
2024-05-01
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| Schriftenreihe: | Financial Innovation |
| Schlagworte: | |
| Online-Zugang: | https://doi.org/10.1186/s40854-024-00638-y |
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