NDLI: Economic Policy Uncertainty and Cryptocurrency Market as a Risk Management Avenue: A Systematic Review

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Economic Policy Uncertainty and Cryptocurrency Market as a Risk Management Avenue: A Systematic Review

Content Provider	MDPI
Author	Haq, Inzamam Ul Maneengam, Apichit Chupradit, Supat Suksatan, Wanich Huo, Chunhui
Copyright Year	2021
Description	Cryptocurrency literature is increasing rapidly nowadays. Particularly, the role of the cryptocurrency market as a risk management avenue has got the attention of researchers. However, it is an immature asset class and requires gaps in current literature for future research directions. This research provides a systematic review of the vast range empirical literature based on the cryptocurrency market as a risk management avenue against economic policy uncertainty (EPU). The review discovers that cryptocurrencies have mixed connectedness patterns with all national EPU therefore, the risk mitigation ability varies from country to country. The review finds that heterogeneous correlation patterns are due to the dependence of EPU on the policies and decisions usually taken by regulatory authorities of a particular country. Additionally, heterogeneous EPU requires heterogeneous solutions to deal with stock market volatility and economic policy uncertainty in different economies. Likewise, the divergent protocol and administration of currencies in the crypto market consequently vicissitudes the hedging and diversification performance against each economy. Many research lines can benefit investors, policymakers, fund managers, or portfolio managers. Therefore, the authors suggested future research avenues in terms of topics, data frequency, and methodologies.
Starting Page	163
e-ISSN	22279091
DOI	10.3390/risks9090163
Journal	Risks
Issue Number	9
Volume Number	9
Language	English
Publisher	MDPI
Publisher Date	2021-09-07
Access Restriction	Open
Subject Keyword	Risks Information and Library Science Systematic Analysis Cryptocurrency Economic Policy Uncertainty Hedge Safe-haven Diversifier Covid-19
Content Type	Text
Resource Type	Article

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