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

Alhonita Yatie

Bordeaux Economics Working Papers from Bordeaux School of Economics (BSE)

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)
JEL-codes: G12 G15 G32 H56 (search for similar items in EconPapers)
Date: 2022
New Economics Papers: this item is included in nep-ban, nep-cwa, nep-fmk, nep-his, nep-pay, nep-rmg and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:grt:bdxewp:2022-07

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