Bitcoin’s Reaction to the Federal Reserve’s Announcements and Stimulus Measures, the Equity Market, and Economic Policy Uncertainty: Evidence during the COVID-19 Pandemic
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Tarih
2024
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Yayıncı
CRC Press
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
The COVID-19 pandemic is still underway, which means that the crisis’s full extent cannot yet be known. Nevertheless, investigations into the economic effects of the pandemic and its impact on the financial markets have begun. Since the onset of the COVID-19 crisis, the stock markets in both developing and developed economies and the international crude oil and currency markets have experienced the worst volatility on record. During periods of uncertainty, investors typically attempt to reduce their exposure or diversify their investments and search for safer assets. Recently, there has been an increase in the debate regarding whether Bitcoin can serve as a haven during periods of market turmoil. While regular currencies are guaranteed by the governments or organizations that issue them, Bitcoin, as a digital currency, is not guaranteed by anybody (Weber 2016). © 2024 Andrew Adewale Alola, Festus Victor Bekun and Uju Violet Alola.
Açıklama
Anahtar Kelimeler
Kaynak
Economic Trends and Sustainable Environmental Assessment
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N/A
