Bossmann, Ahmed; Gubareva, Mariya; Agyei, Samuel Kwaku; … - In: Financial innovation : FIN 10 (2024), pp. 1-38
We provide empirical evidence supporting the economic reasoning behind the impossibility of diversifcation benefts and the hedge attributes of cryptocurrencies remaining in force during the downside trends observed in bearish fnancial markets. We employ a spillover connectedness model driven by...