On the Potential Hedging Instruments Against Central Bank Digital Currency Uncertainty and Attention Indices

Autor:	Javed Bin Kamal, Mark Wohar, Khaled Bin Kamal
Rok vydání:	2023
Předmět:	General Earth and Planetary Sciences General Environmental Science
Zdroj:	Asian Economics Letters. 4
ISSN:	2652-8681
DOI:	10.46557/001c.70301
Popis:	We study dynamic conditional correlations of Central Bank Digital Currency (CBDC) uncertainty and attention indices with US dollar futures, 1-year US government bond, and gold futures. We find that USD futures hedges CBDC uncertainty, while the US bond hedges the CBDC uncertainty index subsequent to 2019. Interestingly, gold does not hedge CBDC uncertainty. The CBDC attention index exerts a negative effect on the other assets. These results are important for portfolio management.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::9d4cf6f8f0a03b2d6abde7c72490554c https://doi.org/10.46557/001c.70301 Zobrazit plný text záznamu