{"title":"In the Era of 4th Industrial Revolution- Are Technology-Based Assets and Green Equity Index Safe Investments with Developed and Emerging Market Index?","authors":"Sudhi Sharma, Miklesh Prasad Yadav, Indira Bharadwaj, Reepu","doi":"10.1007/s10690-024-09485-4","DOIUrl":null,"url":null,"abstract":"<p>The paper is an extended contribution to the ongoing debate on cryptocurrency as a hedging instrument while investing in developed and emerging markets. At the edge of the 4th industrial revolution, the paper identifies diversification opportunities with technologically based assets and non-conventional assets like Cryptocurrency (BITW), Fintech (FINX), and Green Equity Index (QGREEN) with the Developed market (MSCI World Index) and Emerging market (MSCI Emerging Markets Index). The study is rigorous in methodology, including Granger Causality, Symmetrical and Asymmetrical Dynamic Conditional Correlation models, Diebold Yilmaz Spillover Index, and Network analysis<i>.</i> The study used robust statistical models like Granger Causality, Symmetrical, and Asymmetrical Dynamic Conditional Correlation models, Diebold Yilmaz Spillover Index, and Network analysis for a more accurate assessment of the investment alternatives. The results of the study aim to assist passive portfolio managers in investing in developed and emerging indices and looking for non-conventional investment options. The study assumes relevance for policymakers, as it deciphers the relevance of the cryptocurrency market vis-a-vis other emerging assets.</p>","PeriodicalId":54095,"journal":{"name":"Asia-Pacific Financial Markets","volume":null,"pages":null},"PeriodicalIF":2.5000,"publicationDate":"2024-09-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Asia-Pacific Financial Markets","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1007/s10690-024-09485-4","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
The paper is an extended contribution to the ongoing debate on cryptocurrency as a hedging instrument while investing in developed and emerging markets. At the edge of the 4th industrial revolution, the paper identifies diversification opportunities with technologically based assets and non-conventional assets like Cryptocurrency (BITW), Fintech (FINX), and Green Equity Index (QGREEN) with the Developed market (MSCI World Index) and Emerging market (MSCI Emerging Markets Index). The study is rigorous in methodology, including Granger Causality, Symmetrical and Asymmetrical Dynamic Conditional Correlation models, Diebold Yilmaz Spillover Index, and Network analysis. The study used robust statistical models like Granger Causality, Symmetrical, and Asymmetrical Dynamic Conditional Correlation models, Diebold Yilmaz Spillover Index, and Network analysis for a more accurate assessment of the investment alternatives. The results of the study aim to assist passive portfolio managers in investing in developed and emerging indices and looking for non-conventional investment options. The study assumes relevance for policymakers, as it deciphers the relevance of the cryptocurrency market vis-a-vis other emerging assets.
期刊介绍:
The current remarkable growth in the Asia-Pacific financial markets is certain to continue. These markets are expected to play a further important role in the world capital markets for investment and risk management. In accordance with this development, Asia-Pacific Financial Markets (formerly Financial Engineering and the Japanese Markets), the official journal of the Japanese Association of Financial Econometrics and Engineering (JAFEE), is expected to provide an international forum for researchers and practitioners in academia, industry, and government, who engage in empirical and/or theoretical research into the financial markets. We invite submission of quality papers on all aspects of finance and financial engineering.
Here we interpret the term ''financial engineering'' broadly enough to cover such topics as financial time series, portfolio analysis, global asset allocation, trading strategy for investment, optimization methods, macro monetary economic analysis and pricing models for various financial assets including derivatives We stress that purely theoretical papers, as well as empirical studies that use Asia-Pacific market data, are welcome.
Officially cited as: Asia-Pac Financ Markets