Are safe haven assets really safe during the 2008 global financial crisis and COVID-19 pandemic?
Glob Financ J
; 50: 100668, 2021 Nov.
Article
em En
| MEDLINE
| ID: mdl-38620905
ABSTRACT
This study evaluates the safe-haven role of twelve assets against the US stock market during the 2008 global financial crisis (GFC) and the COVID-19 pandemic. Our results show that silver and the Islamic stock index were safe havens during the 2008 GFC, and the Islamic stock index and Tether have been safe havens during COVID-19. We observe that the Islamic stock index and Tether have emerged as strong new safe havens. However, our supplementary analysis reveals that gold and Bitcoin still exhibit safe-haven behavior during severe market downturns. Overall, our findings suggest that safe-haven assets may vary over time.
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MEDLINE
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En
Ano de publicação:
2021
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Article