Performance of gold-backed cryptocurrencies during the COVID-19 crisis

COVID-19 and cryptocurrency volatility: Evidence from asymmetric modelling

“…As a result, they provide diversification benefits for investors, indicating that they can act as safe-haven assets. Wasiuzzaman et al. (2021) also provide solid evidence of increased volatility of gold-back cryptocurrencies during the COVID-19 pandemic, but the increase is insignificant to suggest that gold-backed cryptocurrencies serve as a safe-haven asset.…”

The impact of government interventions on cross-listed securities: Evidence from the COVID-19 pandemic

“…Since the outbreak of the pandemic in early 2020, sizeable efforts have been devoted to exploring the influence of the pandemic on a variety of assets classes, inter alia , the equity markets ( Corbet et al., 2020 ; Engelhardt et al., 2021 , Zaremba et al., 2021a ), the debt markets ( Zaremba et al., 2021b , A. 2021c ), commodities (e.g., Lin and Su, 2021 ; Sifat et al., 2021 ) and cryptocurrencies (e.g., Sarkodie et al., 2021 ; Wasiuzzaman and Rahman, 2021 ). As the pandemic deepened, governments implemented various health-related programs, economic support plans, and social restrictions in an attempt to ease the adverse impacts of the COVID-19 spread.…”

“Shiny” crypto assets: A systemic look at gold-backed cryptocurrencies during the COVID-19 pandemic

“… Aloui, Ben Hamida, and Yarovaya (2020) analyse differences between Islamic and non-Islamic gold-backed cryptocurrencies and show that the former are less susceptible to geopolitical risk than non-Islamic tokens. Wasiussaman and Rahman (2021) further investigate the performance of PAX Gold during the COVID-19 pandemic and report time-varying safe haven properties. In a nutshell, existing empirical evidence is available only for very few gold-backed tokens using rather narrow methodological approaches.…”