Impact of tokenization on financial investments: Exploring connectedness through the case of transport and travel/tourism sectors

Imran Yousaf, Rami Zeitun, Shoaib Ali and Alessia Palma

Finance Research Letters, 2024, vol. 62, issue PB

Abstract: The advent of tokenization has transformed the financial landscape of the transportation and tourism industries, creating novel investment opportunities in travel and tourism tokens. This study investigates the interplay between transport and travel/tourism tokens using a quantile vector autoregressive (VAR) approach. Our findings indicate that the return connectedness varies across different quantiles. We also find that the connectedness varies over time and is influenced by macroeconomic and pandemic-related factors. Our results have important implications for token investors, issuers, regulators, and policymakers.

Keywords: Financial investments; transport tokens; Travel/tourism tokens; Spillovers; Qvar (search for similar items in EconPapers)
JEL-codes: C58 F36 G10 G11 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:62:y:2024:i:pb:s1544612324002514

DOI: 10.1016/j.frl.2024.105221

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