Russia-Ukraine War and Crypto-Currency Returns: An Experiment With New Data
Abeeb Olaniran et al.
What the paper says
This study investigates the impact of the Russia-Ukraine War on cryptocurrency returns using the Feasible Quasi Generalised Least Squares technique. Our analysis diverges from conventional approaches by focusing on the susceptibility of cryptocurrency returns to the war and establishes a significant positive relationship. This finding underscores the resilience of cryptocurrencies in the face of geopolitical turmoil. Furthermore, we extend our examination to the predictive content of the war for cryptocurrency returns, employing it for both in- and out-of-sample forecast evaluations of the index against the historical average. We highlight the diversification potential of this asset class during war-induced crises.
4 citations
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.37 × 0.4 = 0.15 |
| M · momentum | 0.60 × 0.15 = 0.09 |
| V · venue signal | 0.50 × 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.