Failure of Gold, Bitcoin and Ethereum as safe havens during the Ukraine-Russia war

Alhonita Yatie
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Alhonita Yatie: BSE - Bordeaux Sciences Economiques - UB - Université de Bordeaux - CNRS - Centre National de la Recherche Scientifique

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Abstract: This paper studies the impact of fear, uncertainty and market volatility caused by the Ukraine-Russia war on crypto-assets returns (Bitcoin and Ethereum) and Gold returns. We use the searches on Wikipedia trends as proxies of uncertainty and fear and two volatility indices: S&P500 VIX and the Russian VIX (RVIX). The results show that Bitcoin, Ethereum and Gold failed as safe havens during this war.

Keywords: War; Russia; Ukraine; crypto-assets; Gold; Safe haven (search for similar items in EconPapers)
Date: 2022-03-30
New Economics Papers: this item is included in nep-cis, nep-pay, nep-rmg and nep-tra
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