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Unveiling the Impacts of Geopolitical Risk on the Transition to the Decentralized Financial Landscape

Νikolaos Kyriazis & Emmanouil M. L. Economou

Peace Economics, Peace Science and Public Policy2025https://doi.org/10.1515/peps-2024-0048article
AJG 1ABDC C
Weight
0.48

What the paper says

Abstract This paper examines the dynamic interplay between the global geopolitical risk and eleven decentralized finance (DeFi) digital currencies during the inflationary burden caused by the Russia-Ukraine war episodes. Daily data spanning from 13 October 2021 to 29 October 2024 and the innovative Quantile-Vector Autoregressive (Q-VAR) methodology are employed for estimating the pairwise, joint and network linkages at the lower, middle and upper quantiles. High levels of geopolitical risk are more connected with bull markets of the DeFi assets and new war episodes strengthen this relation. Geopolitical tensions combined with high inflation lead to the GPR becoming major determinant of DeFi markets so contributing to the transition to the digital decentralized cashless financial system. Maker is the leading DeFi asset in this transition and constitutes a promising successor of fiat currencies that suffer from devaluation generated by conflicts.

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https://doi.org/https://doi.org/10.1515/peps-2024-0048

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@article{νikolaos2025,
  title        = {{Unveiling the Impacts of Geopolitical Risk on the Transition to the Decentralized Financial Landscape}},
  author       = {Νikolaos Kyriazis & Emmanouil M. L. Economou},
  journal      = {Peace Economics, Peace Science and Public Policy},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1515/peps-2024-0048},
}

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Evidence weight

0.48

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.41 × 0.4 = 0.16
M · momentum0.63 × 0.15 = 0.09
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.