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Kreuzer, Christian ; Laschinger, Ralf ; Priberny, Christopher ; Benninghoff, Sven

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

Kreuzer, Christian , Laschinger, Ralf , Priberny, Christopher und Benninghoff, Sven (2024) Cryptocurrencies as a vehicle for capital exodus: Evidence from the Russian–Ukrainian crisis. Finance Research Letters 69 Part B, S. 106191.

Veröffentlichungsdatum dieses Volltextes: 02 Okt 2024 08:08
Artikel
DOI zum Zitieren dieses Dokuments: 10.5283/epub.59320


Zusammenfassung

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 ...

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 of most cryptocurrencies is positively affected by the events of the conflict. This is especially true for payment tokens and most utility coins. Interestingly, stablecoins show only fewer trading volumes before the actual event. Among utility tokens, Ripple in particular is positively influenced.



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Details

DokumentenartArtikel
Titel eines Journals oder einer ZeitschriftFinance Research Letters
Verlag:Elsevier
Band:69 Part B
Seitenbereich:S. 106191
Datum28 September 2024
InstitutionenWirtschaftswissenschaften > Institut für Betriebswirtschaftslehre > Lehrstuhl für Finanzierung (Prof. Dr. Gregor Dorfleitner)
Identifikationsnummer
WertTyp
10.1016/j.frl.2024.106191DOI
Klassifikation
NotationArt
G14, G40, F51Journal of Economics Literature Classification
Stichwörter / KeywordsDecentralized finance, Cryptocurrencies, Event study, Sentiment, GJR-GARCH regressions, Russian–Ukrainian crisis
Dewey-Dezimal-Klassifikation300 Sozialwissenschaften > 330 Wirtschaft
StatusVeröffentlicht
BegutachtetJa, diese Version wurde begutachtet
An der Universität Regensburg entstandenZum Teil
URN der UB Regensburgurn:nbn:de:bvb:355-epub-593204
Dokumenten-ID59320

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