Cryptocurrencies versus environmentally sustainable assets: Does a perfect hedge exist?

<p>In the wake of proliferation of cryptocurrencies and growing concerns regarding their environmental impact, we investigate the dynamic co-movement of digital assets and environmentally sustainable assets. We use daily data of five global indices from 01 March 2017 to 15 May 2022. The result...

وصف كامل

محفوظ في:
التفاصيل البيبلوغرافية
المؤلف الرئيسي: Zaheer Anwer (17863064) (author)
مؤلفون آخرون: Saqib Farid (17863067) (author), Ashraf Khan (6891545) (author), Noureddine Benlagha (17269114) (author)
منشور في: 2023
الموضوعات:
الوسوم: إضافة وسم
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author Zaheer Anwer (17863064)
author2 Saqib Farid (17863067)
Ashraf Khan (6891545)
Noureddine Benlagha (17269114)
author2_role author
author
author
author_facet Zaheer Anwer (17863064)
Saqib Farid (17863067)
Ashraf Khan (6891545)
Noureddine Benlagha (17269114)
author_role author
dc.creator.none.fl_str_mv Zaheer Anwer (17863064)
Saqib Farid (17863067)
Ashraf Khan (6891545)
Noureddine Benlagha (17269114)
dc.date.none.fl_str_mv 2023-05-01T00:00:00Z
dc.identifier.none.fl_str_mv 10.1016/j.iref.2023.02.005
dc.relation.none.fl_str_mv https://figshare.com/articles/journal_contribution/Cryptocurrencies_versus_environmentally_sustainable_assets_Does_a_perfect_hedge_exist_/25101311
dc.rights.none.fl_str_mv CC BY 4.0
info:eu-repo/semantics/openAccess
dc.subject.none.fl_str_mv Commerce, management, tourism and services
Banking, finance and investment
Economics
Econometrics
Cryptocurrency
Environmentally sustainable assets
Clean energy
Wavelet
dc.title.none.fl_str_mv Cryptocurrencies versus environmentally sustainable assets: Does a perfect hedge exist?
dc.type.none.fl_str_mv Text
Journal contribution
info:eu-repo/semantics/publishedVersion
text
contribution to journal
description <p>In the wake of proliferation of cryptocurrencies and growing concerns regarding their environmental impact, we investigate the dynamic co-movement of digital assets and environmentally sustainable assets. We use daily data of five global indices from 01 March 2017 to 15 May 2022. The results suggest that environmentally sustainable indices and cryptocurrency indices demonstrate co-movements during pandemic. However, in the normal times, they mostly remain detached from each other. Therefore, it can be argued that both the asset classes can serve as hedge against each other. The findings carry important implications for the investment industry and regulators.</p><h2>Other Information</h2> <p> Published in: International Review of Economics & Finance<br> License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1016/j.iref.2023.02.005" target="_blank">https://dx.doi.org/10.1016/j.iref.2023.02.005</a></p>
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identifier_str_mv 10.1016/j.iref.2023.02.005
network_acronym_str Manara2
network_name_str Manara2
oai_identifier_str oai:figshare.com:article/25101311
publishDate 2023
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spelling Cryptocurrencies versus environmentally sustainable assets: Does a perfect hedge exist?Zaheer Anwer (17863064)Saqib Farid (17863067)Ashraf Khan (6891545)Noureddine Benlagha (17269114)Commerce, management, tourism and servicesBanking, finance and investmentEconomicsEconometricsCryptocurrencyEnvironmentally sustainable assetsClean energyWavelet<p>In the wake of proliferation of cryptocurrencies and growing concerns regarding their environmental impact, we investigate the dynamic co-movement of digital assets and environmentally sustainable assets. We use daily data of five global indices from 01 March 2017 to 15 May 2022. The results suggest that environmentally sustainable indices and cryptocurrency indices demonstrate co-movements during pandemic. However, in the normal times, they mostly remain detached from each other. Therefore, it can be argued that both the asset classes can serve as hedge against each other. The findings carry important implications for the investment industry and regulators.</p><h2>Other Information</h2> <p> Published in: International Review of Economics & Finance<br> License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1016/j.iref.2023.02.005" target="_blank">https://dx.doi.org/10.1016/j.iref.2023.02.005</a></p>2023-05-01T00:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.1016/j.iref.2023.02.005https://figshare.com/articles/journal_contribution/Cryptocurrencies_versus_environmentally_sustainable_assets_Does_a_perfect_hedge_exist_/25101311CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/251013112023-05-01T00:00:00Z
spellingShingle Cryptocurrencies versus environmentally sustainable assets: Does a perfect hedge exist?
Zaheer Anwer (17863064)
Commerce, management, tourism and services
Banking, finance and investment
Economics
Econometrics
Cryptocurrency
Environmentally sustainable assets
Clean energy
Wavelet
status_str publishedVersion
title Cryptocurrencies versus environmentally sustainable assets: Does a perfect hedge exist?
title_full Cryptocurrencies versus environmentally sustainable assets: Does a perfect hedge exist?
title_fullStr Cryptocurrencies versus environmentally sustainable assets: Does a perfect hedge exist?
title_full_unstemmed Cryptocurrencies versus environmentally sustainable assets: Does a perfect hedge exist?
title_short Cryptocurrencies versus environmentally sustainable assets: Does a perfect hedge exist?
title_sort Cryptocurrencies versus environmentally sustainable assets: Does a perfect hedge exist?
topic Commerce, management, tourism and services
Banking, finance and investment
Economics
Econometrics
Cryptocurrency
Environmentally sustainable assets
Clean energy
Wavelet