Cryptocurrencies as a vehicle for capital exodus: Evidence from the Russian–Ukrainian crisis

URN to cite this document:: urn:nbn:de:bvb:355-epub-593204
DOI to cite this document:: 10.5283/epub.59320

Kreuzer, Christian

; Laschinger, Ralf

; Priberny, Christopher

; Benninghoff, Sven

License: Creative Commons Attribution 4.0
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Date of publication of this fulltext: 02 Oct 2024 08:08

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Abstract

Cryptocurrencies provide an escape from the conventional financial system and its regulations and could therefore become increasingly popular in the midst of geopolitical uncertainties. We analyze the linkage of the Russia–Ukraine conflict and the trading volume of 16 major cryptocurrencies via event study methodologies, based on a geopolitical risk index. The results show that the trading volume ...