Does the financialization of natural resources lead toward sustainability? An application of advance panel Granger non-causality

Xie, Bofeng; Rehman, Mubeen Abdur; Zhang, Junyan; Yang, Runze

doi:10.1016/j.resourpol.2022.102989

Cited by 12 publications

(1 citation statement)

References 66 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Cryptocurrencies have become more sensitive than the S&P500 index and gold (Tan et al 2020). Additionally, some scholars have further disclosed the relationship between financial markets and the environment (Chen et al 2022;Xie et al 2022). They found that these financial assets have a significant connection with socioeconomic variables.…”

Section: Literature Reviewmentioning

confidence: 99%

Performance Analysis of Gold- and Fiat-Backed Cryptocurrencies: Risk-Based Choice for a Portfolio

Irfan

Rehman

Nawazish

et al. 2023

JRFM

Self Cite

View full text Add to dashboard Cite

This study aims to investigate the performance and behavior of fiat- and gold-backed cryptocurrencies to support stakeholders through the preparation of a portfolio from 1 January 2021 to 30 June 2022. Moreover, while searching for a hedge or a diversifier to construct a less risky portfolio with handsome returns, the prices of fiat-backed cryptocurrencies report high fluctuation during the sample period. ARIMA-EGARCH models have been employed to examine the volatile behavior of these cryptocurrencies. The empirical results are mixed as Bitcoin has been highly volatile during the economic recession. Due to its volatility, investors seek a safe haven. Ripple, on the other hand, shows low risk compared to Bitcoin. The results further reveal that PAX gold is more volatile than PM gold, while Bitcoin, being a highly traded cryptocurrency, is significantly correlated to other cryptocurrencies. The implications of this research showing the volatility of gold- and fiat-backed cryptocurrencies are equally important to stakeholders, such as investors, and policymakers.

show abstract

Section: Literature Reviewmentioning

confidence: 99%