论文标题
加密资产比在Covid-19期间的黄金更好的避风式：欧洲指数的案例
Crypto-assets better safe-havens than Gold during Covid-19: The case of European indices
论文作者
论文摘要
作为加密资产的第一次危机，Covid-19更新了有关其SafeHaven财产的辩论。我们的论文试图分析加密资产和黄金资产的安全性能。我们发现，在2020年3月Covid-19引起的市场崩溃期间，黄金并不比CryptoAssets（Tether，Cardano和Dogecoin）更有效。我们还发现，在研究期间，比特币，Ethereum，Ethereum，Litecoin和Ripple只是欧洲指数的多元化。最终，Tether，Cardano和Dogecoin在市场崩溃前后展示了诸如黄金之类的对冲物业。
As the first crisis faced by Crypto-assets, Covid-19 updated the debate about their safehaven properties. Our paper tries to analyze the safe-haven properties of Crypto-assets and Gold for European assets. We find that Gold has not been more efficient than Cryptoassets (Tether, Cardano and Dogecoin) as safe-haven during the market crash due to Covid-19 in March 2020. We also found that during the study period Bitcoin, Ethereum, Litecoin and Ripple were just diversifiers for the European indices. Finally, Tether, Cardano and Dogecoin showed hedging properties like Gold before and after the market crash.
