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Impact of tokenization on financial investments: Exploring connectedness through the case of transport and travel/tourism sectors

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  • Yousaf, Imran
  • Zeitun, Rami
  • Ali, Shoaib
  • Palma, Alessia

Abstract

The advent of tokenization has transformed the financial landscape of the transportation and tourism industries, creating novel investment opportunities in travel and tourism tokens. This study investigates the interplay between transport and travel/tourism tokens using a quantile vector autoregressive (VAR) approach. Our findings indicate that the return connectedness varies across different quantiles. We also find that the connectedness varies over time and is influenced by macroeconomic and pandemic-related factors. Our results have important implications for token investors, issuers, regulators, and policymakers.

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  • Yousaf, Imran & Zeitun, Rami & Ali, Shoaib & Palma, Alessia, 2024. "Impact of tokenization on financial investments: Exploring connectedness through the case of transport and travel/tourism sectors," Finance Research Letters, Elsevier, vol. 62(PB).
    • Handle: RePEc:eee:finlet:v:62:y:2024:i:pb:s1544612324002514
    DOI: 10.1016/j.frl.2024.105221
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    References listed on IDEAS

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    Cited by:

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    2. Ali, Shoaib & Yousfi, Mohamed & Chughtai, Sumayya & Min Du, Anna, 2024. "Return and volatility connectedness between agricultural tokens and us equity sectors," Research in International Business and Finance, Elsevier, vol. 72(PB).

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    More about this item

    Keywords

    Financial investments; transport tokens; Travel/tourism tokens; Spillovers; Qvar;
    All these keywords.

    JEL classification:

    • C58 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Financial Econometrics
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions

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