When Bitcoin has the flu : on Bitcoin's performance to hedge equity risk in the early wake of the COVID-19 outbreak

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annif.suggestionsvolatility (societal properties)|currency|parallel publishing|electronic money|history|Finland|effects (results)|water analysis|reliability (general)|qualification|enen
annif.suggestions.linkshttp://www.yso.fi/onto/yso/p10771|http://www.yso.fi/onto/yso/p3573|http://www.yso.fi/onto/yso/p27097|http://www.yso.fi/onto/yso/p3653|http://www.yso.fi/onto/yso/p1780|http://www.yso.fi/onto/yso/p94426|http://www.yso.fi/onto/yso/p795|http://www.yso.fi/onto/yso/p9185|http://www.yso.fi/onto/yso/p1629|http://www.yso.fi/onto/yso/p9363en
dc.contributor.authorGrobys, Klaus
dc.contributor.departmentDigital Economy-
dc.contributor.facultyfi=Laskentatoimen ja rahoituksen yksikkö|en=School of Accounting and Finance|-
dc.contributor.orcidhttps://orcid.org/0000-0002-4121-3606-
dc.contributor.organizationfi=Vaasan yliopisto|en=University of Vaasa|
dc.date.accessioned2020-12-09T07:13:13Z
dc.date.accessioned2025-06-25T12:44:26Z
dc.date.available2021-12-26T01:00:14Z
dc.date.issued2020-06-26
dc.description.abstractUsing the coronavirus COVID-19 outbreak as a set-up for a quasi-experiment, this study derives novel insights on the dynamic correlation between Bitcoin and US stocks. Given the unprecedented scale of infections and the nature of the virus, the potential impact on the dynamic correlation was unpredictable and therefore uncertain. Using a difference-in-differences setting, the dynamic correlation between Bitcoin and stocks is controlled for the dynamic correlation between gold and stocks. This study finds that Bitcoin performed poorly in hedging this tail risk.-
dc.description.notification© 2020 Taylor & Francis Group. This is an Accepted Manuscript of an article published by Taylor & Francis in Applied Economics Letters on 26 Jun 2020, available online: http://www.tandfonline.com/10.1080/13504851.2020.1784380.-
dc.description.reviewstatusfi=vertaisarvioitu|en=peerReviewed|-
dc.embargo.lift2021-12-26
dc.embargo.terms2021-12-26
dc.format.bitstreamtrue
dc.format.contentfi=kokoteksti|en=fulltext|-
dc.format.extent6-
dc.format.pagerange1-6-
dc.identifier.olddbid13135
dc.identifier.oldhandle10024/11739
dc.identifier.urihttps://osuva.uwasa.fi/handle/11111/819
dc.identifier.urnURN:NBN:fi-fe2020120999951-
dc.language.isoeng-
dc.publisherTaylor & Francis-
dc.relation.doi10.1080/13504851.2020.1784380-
dc.relation.ispartofjournalApplied Economics Letters-
dc.relation.issn1466-4291-
dc.relation.issn1350-4851-
dc.relation.urlhttps://doi.org/10.1080/13504851.2020.1784380-
dc.source.identifierWOS: 000548732700001-
dc.source.identifierScopus: 85087480282-
dc.source.identifierhttps://osuva.uwasa.fi/handle/10024/11739
dc.subjectCOVID-19-
dc.subjectcoronavirus-
dc.subjecthedging-
dc.subjectfinancial technology-
dc.subjectBitcoin-
dc.subject.disciplinefi=Laskentatoimi ja rahoitus|en=Accounting and Finance|-
dc.titleWhen Bitcoin has the flu : on Bitcoin's performance to hedge equity risk in the early wake of the COVID-19 outbreak-
dc.type.okmfi=A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä|en=A1 Peer-reviewed original journal article|sv=A1 Originalartikel i en vetenskaplig tidskrift|-
dc.type.publicationarticle-
dc.type.versionacceptedVersion-

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