Looking for a safe haven against American stocks during COVID-19 pandemic()

This article aims to find the best safe-haven for stock investors in the American market since the COVID-19 pandemic outbreak. The research period covers March 2020–May 2022. Among the possible alternatives, we analyse the traditional ones: US bonds, gold, and silver, as well as the new ones: stable...

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Autor principal: Kliber, Agata
Formato: Online Artículo Texto
Lenguaje:English
Publicado: The Author(s). Published by Elsevier Inc. 2022
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9574947/
http://dx.doi.org/10.1016/j.najef.2022.101825
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author Kliber, Agata
author_facet Kliber, Agata
author_sort Kliber, Agata
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description This article aims to find the best safe-haven for stock investors in the American market since the COVID-19 pandemic outbreak. The research period covers March 2020–May 2022. Among the possible alternatives, we analyse the traditional ones: US bonds, gold, and silver, as well as the new ones: stable DeFi and CeFi coins, and most popular cryptocurrencies: Bitcoin and Ether. We study quantile coherency between S&P 500 and each asset and the respective conditional correlation. We show that the safe-haven properties of the assets varied over time and that centralized stablecoins could have been used as safe-haven against American stocks during the pandemics.
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spelling pubmed-95749472022-10-17 Looking for a safe haven against American stocks during COVID-19 pandemic() Kliber, Agata The North American Journal of Economics and Finance Article This article aims to find the best safe-haven for stock investors in the American market since the COVID-19 pandemic outbreak. The research period covers March 2020–May 2022. Among the possible alternatives, we analyse the traditional ones: US bonds, gold, and silver, as well as the new ones: stable DeFi and CeFi coins, and most popular cryptocurrencies: Bitcoin and Ether. We study quantile coherency between S&P 500 and each asset and the respective conditional correlation. We show that the safe-haven properties of the assets varied over time and that centralized stablecoins could have been used as safe-haven against American stocks during the pandemics. The Author(s). Published by Elsevier Inc. 2022-11 2022-10-17 /pmc/articles/PMC9574947/ http://dx.doi.org/10.1016/j.najef.2022.101825 Text en © 2022 The Author(s) 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
Kliber, Agata
Looking for a safe haven against American stocks during COVID-19 pandemic()
title Looking for a safe haven against American stocks during COVID-19 pandemic()
title_full Looking for a safe haven against American stocks during COVID-19 pandemic()
title_fullStr Looking for a safe haven against American stocks during COVID-19 pandemic()
title_full_unstemmed Looking for a safe haven against American stocks during COVID-19 pandemic()
title_short Looking for a safe haven against American stocks during COVID-19 pandemic()
title_sort looking for a safe haven against american stocks during covid-19 pandemic()
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9574947/
http://dx.doi.org/10.1016/j.najef.2022.101825
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