File(s) under permanent embargo
Reason: Under embargo until June 2022. After this date a copy can be supplied under Section 51(2) of the Australian Copyright Act 1968 by submitting a document delivery request through your library, or by emailing email@example.com
Cryptocurrencies as digital asset - Exploring the dynamic interdependence, contagion and portfolio strategy
thesisposted on 29.06.2021, 01:11 by SITI HAWA YUSOF
This thesis focuses primarily on the role of cryptocurrencies as tradable digital investment assets. This research examines the interdependencies and contagion across the major cryptocurrencies, namely Bitcoin, Ethereum, Ripple, Litecoin, and Stellar. In addition, the interdependencies between cryptocurrencies and other financial assets and commodities such as oil, coal, gold, bond, and stock markets are also explored. Overall results indicate that the major cryptocurrencies are highly connected, while the interdependence between the cryptocurrencies, the stock market, and crude oil have become more prevalent specifically during high uncertainty and poor market performance following the Covid19 pandemic. Having said that, Bitcoin, Ethereum and Ripple may offer new opportunities for portfolio diversification or hedging.