Asymmetric correlation and hedging effectiveness of gold & cryptocurrencies: From pre-industrial to the 4th industrial revolution

•The effects of gold on stock market are asymmetric in most of the cases.•Cryptocurrency does not affect stock market significantly.•Correlations between stock/gold and stock/cryptocurrency pairs are found to be positive in most cases.•Neither gold nor cryptocurrency acts as a good instrument for he...

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Bibliographic Details
Published in:Technological forecasting & social change 2020-10, Vol.159, p.120195-120195, Article 120195
Main Authors: Thampanya, Natthinee, Nasir, Muhammad Ali, Huynh, Toan Luu Duc
Format: Article
Language:English
Subjects:
4th industrial revolution
Asymmetric effects
Asymmetry
Cryptocurrency
Digital currencies
Economic conditions
Gold
Gold returns
Hedges
Hedging
Industrialization
Portfolio diversification
Portfolios
Prices
Pricing
Risk adjustment
Robustness
Securities markets
Stock exchanges
Stock market
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