黄金和比特币是欧洲指数的避风港吗？

IF 1.7 Q3 BUSINESS, FINANCE

Journal of Central Banking Theory and Practice Pub Date : 2023-01-01 DOI:10.2478/jcbtp-2023-0002

N. Fabris, Milutin Ješić

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引用次数: 1

摘要

近年来发生的许多动荡事件引发了人们对一种可以扮演避险角色的资产的关注。尽管多年来人们一直认为黄金具有避险的作用，但最近越来越多的作品对这种观点提出了挑战。全球金融危机后，加密货币的出现引发了许多问题，其中一个问题是，加密货币作为一种独立于政府的资产(货币)，是否可以发挥避风港的作用。因此，本文考察了黄金和比特币，后者作为加密货币的最佳代表，是否可以在欧洲指数中扮演避风港的角色。在本文中，这一假设在黄金中得到了证实，在比特币中被拒绝。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Are Gold and Bitcoin a Safe Haven for European Indices?

Abstract Numerous turbulent events in the recent past have raised the issue of an asset that could play the role of safe haven. Although for many years it was considered that gold has the role of a safe haven, an increasing number of recent works challenge such a point of view. The emergence of cryptocurrencies after the Global financial crisis has opened up numerous questions, one of them being whether cryptocurrencies, as an asset (money) independent of governments, can play the role of safe haven. Therefore, the paper examines whether gold and bitcoin, the latter as the best representative of crypto-currencies, can play the role of safe haven in relation to European indices. In the paper, this hypothesis was confirmed for gold and rejected for bitcoin.

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来源期刊

Journal of Central Banking Theory and Practice BUSINESS, FINANCE-

CiteScore

2.80

自引率

57.10%

发文量

审稿时长

7 weeks

期刊介绍： Journal of Central Banking Theory and Practice is a scientific journal dedicated to publishing quality papers and disseminating original, relevant and applicable economic research. Scientific and professional papers that are published in the Journal of Central Banking Theory and Practice cover theoretical and practical aspects of central banking, monetary policy, including the supervision issues, as well as banking and management in central banks. The purpose of the journal is to educate the general public about the key issues that the central bankers globally face, as well as about contemporary research and achievements in the field of central banking theory and practice.