Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/129339
Authors: 
Dyhrberg, Anne Haubo
Year of Publication: 
2015
Series/Report no.: 
Working Paper Series, UCD Centre for Economic Research 15/21
Abstract: 
This paper sets out to explore the hedging capabilities of bitcoin by applying the asymmetric GARCH methodology used in investigation of gold. The results show that bitcoin can clearly be used as a hedge against stocks in the Financial Times Stock Exchange Index. Additionally bitcoin can be used as a hedge against the American dollar in the short-term. Bitcoin thereby possess some of the same hedging abilities as gold and can be included in the variety of tools available to market analysts to hedge market specific risk.
Subjects: 
Bitcoin
Risk Management
Gold
Hedging
Document Type: 
Working Paper

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