The contagion effects of the COVID-19 pandemic: Evidence from gold and cryptocurrencies

At the beginning of the 2020 global COVID-2019 pandemic, Chinese financial markets acted as the epicentre of both physical and financial contagion. Our results indicate that a number of characteristics expected during a “flight to safety” were present during the period analysed. The volatility relat...

Descripción completa

Detalles Bibliográficos
Autores principales: Corbet, Shaen, Larkin, Charles, Lucey, Brian
Formato: Online Artículo Texto
Lenguaje:English
Publicado: The Authors. Published by Elsevier Inc. 2020
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7224668/
http://dx.doi.org/10.1016/j.frl.2020.101554
_version_ 1783533946991017984
author Corbet, Shaen
Larkin, Charles
Lucey, Brian
author_facet Corbet, Shaen
Larkin, Charles
Lucey, Brian
author_sort Corbet, Shaen
collection PubMed
description At the beginning of the 2020 global COVID-2019 pandemic, Chinese financial markets acted as the epicentre of both physical and financial contagion. Our results indicate that a number of characteristics expected during a “flight to safety” were present during the period analysed. The volatility relationship between the main Chinese stock markets and Bitcoin evolved significantly during this period of enormous financial stress. We provide a number of observations as to why this situation occurred. Such dynamic correlations during periods of stress present further evidence to cautiously support the validity of the development of this new financial product within mainstream portfolio design through the diversification benefits provided.
format Online
Article
Text
id pubmed-7224668
institution National Center for Biotechnology Information
language English
publishDate 2020
publisher The Authors. Published by Elsevier Inc.
record_format MEDLINE/PubMed
spelling pubmed-72246682020-05-15 The contagion effects of the COVID-19 pandemic: Evidence from gold and cryptocurrencies Corbet, Shaen Larkin, Charles Lucey, Brian Financ Res Lett Article At the beginning of the 2020 global COVID-2019 pandemic, Chinese financial markets acted as the epicentre of both physical and financial contagion. Our results indicate that a number of characteristics expected during a “flight to safety” were present during the period analysed. The volatility relationship between the main Chinese stock markets and Bitcoin evolved significantly during this period of enormous financial stress. We provide a number of observations as to why this situation occurred. Such dynamic correlations during periods of stress present further evidence to cautiously support the validity of the development of this new financial product within mainstream portfolio design through the diversification benefits provided. The Authors. Published by Elsevier Inc. 2020-07 2020-05-14 /pmc/articles/PMC7224668/ http://dx.doi.org/10.1016/j.frl.2020.101554 Text en © 2020 The Authors. Published by Elsevier Inc. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Corbet, Shaen
Larkin, Charles
Lucey, Brian
The contagion effects of the COVID-19 pandemic: Evidence from gold and cryptocurrencies
title The contagion effects of the COVID-19 pandemic: Evidence from gold and cryptocurrencies
title_full The contagion effects of the COVID-19 pandemic: Evidence from gold and cryptocurrencies
title_fullStr The contagion effects of the COVID-19 pandemic: Evidence from gold and cryptocurrencies
title_full_unstemmed The contagion effects of the COVID-19 pandemic: Evidence from gold and cryptocurrencies
title_short The contagion effects of the COVID-19 pandemic: Evidence from gold and cryptocurrencies
title_sort contagion effects of the covid-19 pandemic: evidence from gold and cryptocurrencies
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7224668/
http://dx.doi.org/10.1016/j.frl.2020.101554
work_keys_str_mv AT corbetshaen thecontagioneffectsofthecovid19pandemicevidencefromgoldandcryptocurrencies
AT larkincharles thecontagioneffectsofthecovid19pandemicevidencefromgoldandcryptocurrencies
AT luceybrian thecontagioneffectsofthecovid19pandemicevidencefromgoldandcryptocurrencies
AT corbetshaen contagioneffectsofthecovid19pandemicevidencefromgoldandcryptocurrencies
AT larkincharles contagioneffectsofthecovid19pandemicevidencefromgoldandcryptocurrencies
AT luceybrian contagioneffectsofthecovid19pandemicevidencefromgoldandcryptocurrencies

Ejemplares similares