We investigate whether stablecoins are safe havens for traditional cryptocurrencies with fresh evidence from the recent crisis period of COVID-19 pandemic. Our results support safe-haven properties Tether both before and during For Digix, a gold-backed stablecoin relatively small market capitalization, we find change in characteristics pandemic, but do not statistically significant its properti...

This paper focuses on the analysis using currency-related theories represented by Mundell-Fleming model for change in price of USDJPY from beginning 2022 to present. While incorporating special current events changes, author pays attention impact traditional safe-haven currency status changes yen’s exchange rate and makes a reasonable forecast its future trend.

Bitcoin remains the most popular cryptocurrency and has attracted significant research attention, especially in hedging safe-haven literature. As many investors bitcoin are concentrated heavily cryptocurrencies as opposed to other assets, a question arises whether alternative (altcoins) can used safe-havens hedges against Bitcoin? We find that only meme coins offer benefits but wider range – De...

I show that the US dollar earns a safety premium versus a basket of foreign currencies and that this premium is particularly high in times of global financial stress. These findings support the view that the dollar acts as the reserve currency for the international monetary system and that it is a natural safe haven in times of crisis, when a global flight to quality toward the reserve currency...

This study examines the role of gold as a hedge or safe-haven asset in different phases COVID-19 pandemic crisis, corresponding to timing fiscal and monetary stimuli support weakened economy. Using high-frequency data, results show that served for stock markets during Phase I (December 31, 2019–March 16, 2020) pandemic. However, lost its II (March 17−April 24, 2020). The optimal weights S&P 500...

This paper aims to study the safe haven attribute of Japanese yen under domestic and U.S. economic policy uncertainty (EPU). Because existence structural changes, a bootstrap rolling window subsample causality test is used enhance credibility results. The empirical results confirm that exchange rate returns (RER) EPU are correlated in specific periods when major or political events occur. In mo...