Stensås, Anders; Nygaard, Magnus Frostholm; Kya, Khine; … - In: Cogent economics & finance 7 (2019) 1, pp. 1-17
This paper investigates whether Bitcoin acts as a diversifier, hedge or safe haven tool for investors in major developed and developing markets, as well as for commodities. This paper employs the GARCH Dynamic Conditional Correlation (DCC) model. The sample covers seven developed and six...