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Failure of Gold, Bitcoin and Ethereum as safe havens during the Ukraine-Russia war

Author

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  • Alhonita Yatie

    (BSE - Bordeaux Sciences Economiques - UB - Université de Bordeaux - CNRS - Centre National de la Recherche Scientifique)

Abstract

This paper studies the impact of fear, uncertainty and market volatility caused by the Ukraine-Russia war on crypto-assets returns (Bitcoin and Ethereum) and Gold returns. We use the searches on Wikipedia trends as proxies of uncertainty and fear and two volatility indices: S&P500 VIX and the Russian VIX (RVIX). The results show that Bitcoin, Ethereum and Gold failed as safe havens during this war.

Suggested Citation

  • Alhonita Yatie, 2022. "Failure of Gold, Bitcoin and Ethereum as safe havens during the Ukraine-Russia war," Working Papers hal-03625196, HAL.
    • Handle: RePEc:hal:wpaper:hal-03625196
    Note: View the original document on HAL open archive server: https://hal.science/hal-03625196
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    References listed on IDEAS

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    Keywords

    War; Russia; Ukraine; crypto-assets; Gold; Safe haven;
    All these keywords.

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