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      The relationship between cryptocurrencies and COVID-19 pandemic

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          Abstract

          We examine the relationship between cryptocurrencies (namely Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP)) and COVID-19 cases/deaths. This will help explore whether cryptocurrencies can serve as a hedge against COVID-19. The wavelet coherence analysis indicates that there is initially a negative relationship between Bitcoin and the number of reported cases and deaths; however, the relationship becomes positive during the later period. The findings for Ethereum and Ripple are also similar but with weaker interactions. This supports the hedging role of cryptocurrencies against the uncertainty raised by COVID-19.

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          Death and contagious infectious diseases: Impact of the COVID-19 virus on stock market returns

          Abdullah M. Al-Awadhi, Khaled Al-Saifi, Ahmad Al-Awadhi … (2020)
          This study investigates whether contagious infectious diseases affect stock market outcomes. As a natural experiment, we use panel data regression analysis to measure the effect of the COVID-19 virus, which is a contagious infectious disease, on the Chinese stock market. The findings indicate that both the daily growth in total confirmed cases and in total cases of death caused by COVID-19 have significant negative effects on stock returns across all companies.
          Article 0 comments Cited 342 times – based on 0 reviews     Review now
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            The contagion effects of the COVID-19 pandemic: Evidence from Gold and Cryptocurrencies

            Shaen Corbet, Charles Larkin, Brian Lucey (2020)
            At the beginning of the 2020 global COVID-2019 pandemic, Chinese financial markets acted as the epicentre of both physical and financial contagion. Our results indicate that a number of characteristics expected during a ”flight to safety” were present during the period analysed. The volatility relationship between the main Chinese stock markets and Bitcoin evolved significantly during this period of enormous financial stress. We provide a number of observations as to why this situation occurred. Such dynamic correlations during periods of stress present further evidence to cautiously support the validity of the development of this new financial product within mainstream portfolio design through the diversification benefits provided.
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              Further Evidence on the Great Crash, the Oil-Price Shock, and the Unit-Root Hypothesis

              Eric Zivot, Donald Andrews (2002)
              Article 0 comments Cited 290 times – based on 0 reviews     Review now
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                Author and article information

                Contributors
                Ender Demir: ender.demir@medeniyet.edu.tr
                Mehmet Huseyin Bilgin: mehmet.bilgin@medeniyet.edu.tr
                Gokhan Karabulut: gbulut@istanbul.edu.tr
                Asli Cansin Doker: acdoker@erzincan.edu.tr
                Journal
                Journal ID (iso-abbrev): Eurasian Econ Rev
                Title: Eurasian Economic Review
                Publisher: Springer International Publishing (Cham )
                ISSN (Print): 1309-422X
                ISSN (Electronic): 2147-429X
                Publication date (Electronic): 29 July 2020
                Pages: 1-12
                Affiliations
                [1 ]GRID grid.432054.4, ISNI 0000 0004 0386 2407, University of Social Sciences, ; Lodz, Poland
                [2 ]GRID grid.411776.2, ISNI 0000 0004 0454 921X, Istanbul Medeniyet University, ; Istanbul, Turkey
                [3 ]GRID grid.411776.2, ISNI 0000 0004 0454 921X, Faculty of Political Science, , Istanbul Medeniyet University, ; Istanbul, Turkey
                [4 ]GRID grid.9601.e, ISNI 0000 0001 2166 6619, Faculty of Economics, , Istanbul University, ; Istanbul, Turkey
                [5 ]Faculty of Economics and Administrative Sciences, Erzincan Binali Yildirim University, Erzincan, Turkey
                Article
                Publisher ID: 154
                DOI: 10.1007/s40822-020-00154-1
                PMC ID: 7388435
                SO-VID: e29b4cb5-08ba-40d6-9eeb-2bf94f849230
                Copyright © © Eurasia Business and Economics Society 2020
                License:

                This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic.

                History
                Date received : 2 June 2020
                Date revision received : 9 July 2020
                Date accepted : 16 July 2020
                Categories
                Subject: Original Paper

                Keywords: bitcoin,ethereum,ripple,wavelet coherence,covid-19
                Data availability:
                Keywords: bitcoin, ethereum, ripple, wavelet coherence, covid-19

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