{"id":"https://openalex.org/W3127073157","doi":null,"title":"Looking for Alternatives in Times of Market Stress: A Tail Dependence between the European Stock Markets and Bitcoin, Gold and Fine Wine Market","display_name":"Looking for Alternatives in Times of Market Stress: A Tail Dependence between the European Stock Markets and Bitcoin, Gold and Fine Wine Market","publication_year":2020,"publication_date":"2020-01-01","ids":{"openalex":"https://openalex.org/W3127073157","mag":"3127073157"},"language":"en","primary_location":{"id":"mag:3127073157","doi":null,"is_oa":false,"landing_page_url":"https://ideas.repec.org/a/fau/fauart/v70y2020i5p407-430.html","pdf_url":null,"source":{"id":"https://openalex.org/S2764556188","display_name":"Czech Journal of Economics and Finance","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Czech Journal of Economics and Finance","raw_type":null},"volume":null,"type":"article","indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5049239862","display_name":"Blanka \u0141\u0119t","orcid":"https://orcid.org/0000-0001-5107-1456","observed_orcids":["https://orcid.org/0000-0001-5107-1456"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Blanka \u0141\u0119t","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0001-5107-1456","affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5047370863","display_name":"Karolina Siemaszkiewicz","orcid":"https://orcid.org/0000-0001-8244-2854","observed_orcids":["https://orcid.org/0000-0001-8244-2854"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Karolina Siemaszkiewicz","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0001-8244-2854","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":1.5586,"has_fulltext":false,"cited_by_count":7,"citation_normalized_percentile":{"value":0.86051775,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":97},"biblio":{"volume":"70","issue":"5","first_page":"407","last_page":"430"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.5034000277519226,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.5034000277519226,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.4578000009059906,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.009700000286102295,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/tail-dependence","display_name":"tail dependence","score":0.9670000076293945},{"id":"https://openalex.org/keywords/european-stock-markets","display_name":"European stock markets","score":0.6930000185966492},{"id":"https://openalex.org/keywords/bitcoin","display_name":"Bitcoin","score":0.9629999995231628},{"id":"https://openalex.org/keywords/gold","display_name":"gold","score":0.9620000123977661},{"id":"https://openalex.org/keywords/fine-wine","display_name":"fine wine","score":0.9010000228881836},{"id":"https://openalex.org/keywords/alternative-investments","display_name":"alternative investments","score":0.9309999942779541},{"id":"https://openalex.org/keywords/safe-haven","display_name":"safe haven","score":0.7459999918937683},{"id":"https://openalex.org/keywords/hedging","display_name":"hedging","score":0.7059999704360962},{"id":"https://openalex.org/keywords/market-stress","display_name":"market stress","score":0.8270000219345093},{"id":"https://openalex.org/keywords/investment-horizon","display_name":"investment horizon","score":0.6639999747276306},{"id":"https://openalex.org/keywords/contagion-effect","display_name":"contagion effect","score":0.7870000004768372}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6906483173370361},{"id":"https://openalex.org/C2992712416","wikidata":"https://www.wikidata.org/wiki/Q7398532","display_name":"Safe haven","level":2,"score":0.5941371321678162},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.5793497562408447},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.5695197582244873},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5356606245040894},{"id":"https://openalex.org/C70771513","wikidata":"https://www.wikidata.org/wiki/Q235779","display_name":"Hedge","level":2,"score":0.48908811807632446},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.4660312831401825},{"id":"https://openalex.org/C19244329","wikidata":"https://www.wikidata.org/wiki/Q208697","display_name":"Financial market","level":2,"score":0.4504552483558655},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.43635299801826477},{"id":"https://openalex.org/C11039479","wikidata":"https://www.wikidata.org/wiki/Q791975","display_name":"Gold as an investment","level":2,"score":0.43125784397125244},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.4137156307697296},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.10408565402030945},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"mag:3127073157","doi":null,"is_oa":false,"landing_page_url":"https://ideas.repec.org/a/fau/fauart/v70y2020i5p407-430.html","pdf_url":null,"source":{"id":"https://openalex.org/S2764556188","display_name":"Czech Journal of Economics and Finance","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Czech Journal of Economics and Finance","raw_type":null},{"id":"pmh:oai:RePEc:fau:fauart:v:70:y:2020:i:5:p:407-430","doi":null,"is_oa":false,"landing_page_url":"https://journal.fsv.cuni.cz/mag/article/show/id/1471","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W45840354","https://openalex.org/W4210679843","https://openalex.org/W7125097721","https://openalex.org/W4403001543","https://openalex.org/W4206479279","https://openalex.org/W4392726876","https://openalex.org/W7134824338","https://openalex.org/W7043223153","https://openalex.org/W6990547484","https://openalex.org/W2499859680"],"abstract_inverted_index":{"This":[0],"study":[1],"investigates":[2],"relations":[3],"between":[4],"returns":[5,31,49],"from":[6],"the":[7,28,37,42,51,104],"traditional":[8],"stock":[9,38,94],"markets":[10],"and":[11,54,99],"alternative":[12,65],"investments":[13,66],"over":[14,33],"different":[15],"investment":[16,84,105],"horizons.":[17],"Using":[18],"a":[19,70,89,116],"quantile":[20],"coherency,":[21],"we":[22,111],"verify":[23],"whether":[24],"an":[25],"occurrence":[26,43],"of":[27,44,79],"extreme":[29],"negative":[30,48],"calculated":[32],"several":[34],"frequencies":[35],"in":[36,50,61,73,108],"exchange":[39],"coincides":[40],"with":[41],"high":[45],"positive":[46],"or":[47],"Bitcoin,":[52],"gold":[53,87],"fine":[55,100],"wine":[56],"market.":[57],"We":[58],"found":[59,112],"that":[60,113],"most":[62],"cases":[63],"considered":[64],"may":[67],"act":[68],"as":[69],"weak":[71],"hedge":[72],"normal":[74],"market":[75,80],"conditions.":[76],"In":[77],"times":[78],"stress,":[81],"for":[82,92,97,119],"all":[83],"horizons":[85],"only":[86],"is":[88,115],"safe":[90],"haven":[91],"examined":[93],"markets.":[95],"Results":[96],"Bitcoin":[98],"wines":[101],"depend":[102],"on":[103],"horizon,":[106],"but":[107],"both":[109],"cases,":[110],"there":[114],"contagion":[117],"effect":[118],"long-term":[120],"investments.":[121]},"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":3}],"updated_date":"2025-10-10T17:16:08.811792","created_date":"2021-02-15T00:00:00"}
