{"id":"https://openalex.org/W4392803449","doi":"https://doi.org/10.1007/s10479-024-05884-y","title":"Enduring relief or fleeting respite? Bitcoin as a hedge and safe haven for the US dollar","display_name":"Enduring relief or fleeting respite? Bitcoin as a hedge and safe haven for the US dollar","publication_year":2024,"publication_date":"2024-03-14","ids":{"openalex":"https://openalex.org/W4392803449","doi":"https://doi.org/10.1007/s10479-024-05884-y","pmid":"https://pubmed.ncbi.nlm.nih.gov/38827179"},"language":"en","primary_location":{"id":"doi:10.1007/s10479-024-05884-y","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s10479-024-05884-y","pdf_url":"https://link.springer.com/content/pdf/10.1007/s10479-024-05884-y.pdf","source":{"id":"https://openalex.org/S57667410","display_name":"Annals of Operations Research","issn_l":"0254-5330","issn":["0254-5330","1572-9338"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Annals of Operations Research","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","pubmed"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://link.springer.com/content/pdf/10.1007/s10479-024-05884-y.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5007931390","display_name":"Thomas Conlon","orcid":"https://orcid.org/0000-0002-9187-5173"},"institutions":[{"id":"https://openalex.org/I100930933","display_name":"University College Dublin","ror":"https://ror.org/05m7pjf47","country_code":"IE","type":"education","lineage":["https://openalex.org/I100930933"]},{"id":"https://openalex.org/I4210106124","display_name":"Data Fusion International (Ireland)","ror":"https://ror.org/00ygx9p32","country_code":"IE","type":"company","lineage":["https://openalex.org/I4210106124"]}],"countries":["IE"],"is_corresponding":true,"raw_author_name":"Thomas Conlon","raw_affiliation_strings":["Smurfit Graduate School of Business, University College Dublin, Blackrock, Co. Dublin Ireland","Smurfit Graduate School of Business, University College Dublin, Blackrock, Co. Dublin, Ireland"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Smurfit Graduate School of Business, University College Dublin, Blackrock, Co. Dublin Ireland","institution_ids":["https://openalex.org/I4210106124"]},{"raw_affiliation_string":"Smurfit Graduate School of Business, University College Dublin, Blackrock, Co. Dublin, Ireland","institution_ids":["https://openalex.org/I100930933"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5019834648","display_name":"Shaen Corbet","orcid":"https://orcid.org/0000-0001-7430-7417"},"institutions":[{"id":"https://openalex.org/I42934936","display_name":"Dublin City University","ror":"https://ror.org/04a1a1e81","country_code":"IE","type":"education","lineage":["https://openalex.org/I42934936"]},{"id":"https://openalex.org/I52179390","display_name":"University of Waikato","ror":"https://ror.org/013fsnh78","country_code":"NZ","type":"education","lineage":["https://openalex.org/I52179390"]}],"countries":["IE","NZ"],"is_corresponding":false,"raw_author_name":"Shaen Corbet","raw_affiliation_strings":["DCU Business School, Dublin City University, Dublin 9, Ireland","School of Accounting, Finance and Economics, University of Waikato, Hamilton, New Zealand"],"raw_orcid":"https://orcid.org/0000-0001-7430-7417","affiliations":[{"raw_affiliation_string":"DCU Business School, Dublin City University, Dublin 9, Ireland","institution_ids":["https://openalex.org/I42934936"]},{"raw_affiliation_string":"School of Accounting, Finance and Economics, University of Waikato, Hamilton, New Zealand","institution_ids":["https://openalex.org/I52179390"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5036173176","display_name":"Richard McGee","orcid":"https://orcid.org/0000-0002-7270-3122"},"institutions":[{"id":"https://openalex.org/I100930933","display_name":"University College Dublin","ror":"https://ror.org/05m7pjf47","country_code":"IE","type":"education","lineage":["https://openalex.org/I100930933"]},{"id":"https://openalex.org/I4210106124","display_name":"Data Fusion International (Ireland)","ror":"https://ror.org/00ygx9p32","country_code":"IE","type":"company","lineage":["https://openalex.org/I4210106124"]}],"countries":["IE"],"is_corresponding":false,"raw_author_name":"Richard McGee","raw_affiliation_strings":["Smurfit Graduate School of Business, University College Dublin, Blackrock, Co. Dublin Ireland","Smurfit Graduate School of Business, University College Dublin, Blackrock, Co. Dublin, Ireland"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Smurfit Graduate School of Business, University College Dublin, Blackrock, Co. Dublin Ireland","institution_ids":["https://openalex.org/I4210106124"]},{"raw_affiliation_string":"Smurfit Graduate School of Business, University College Dublin, Blackrock, Co. Dublin, Ireland","institution_ids":["https://openalex.org/I100930933"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5007931390"],"corresponding_institution_ids":["https://openalex.org/I100930933","https://openalex.org/I4210106124"],"apc_list":{"value":2390,"currency":"EUR","value_usd":2990},"apc_paid":{"value":2390,"currency":"EUR","value_usd":2990},"fwci":11.19,"has_fulltext":true,"cited_by_count":16,"citation_normalized_percentile":{"value":0.98242284,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":100},"biblio":{"volume":"337","issue":"1","first_page":"45","last_page":"73"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10270","display_name":"Blockchain Technology Applications and Security","score":0.9997000098228455,"subfield":{"id":"https://openalex.org/subfields/1710","display_name":"Information Systems"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},"topics":[{"id":"https://openalex.org/T10270","display_name":"Blockchain Technology Applications and Security","score":0.9997000098228455,"subfield":{"id":"https://openalex.org/subfields/1710","display_name":"Information Systems"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.9993000030517578,"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/T11270","display_name":"Complex Systems and Time Series Analysis","score":0.982200026512146,"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"}}],"keywords":[{"id":"https://openalex.org/keywords/safe-haven","display_name":"Safe haven","score":0.8592078685760498},{"id":"https://openalex.org/keywords/liberian-dollar","display_name":"Liberian dollar","score":0.853255569934845},{"id":"https://openalex.org/keywords/hedge","display_name":"Hedge","score":0.749870777130127},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.6656415462493896},{"id":"https://openalex.org/keywords/monetary-economics","display_name":"Monetary economics","score":0.6084513664245605},{"id":"https://openalex.org/keywords/currency","display_name":"Currency","score":0.567593514919281},{"id":"https://openalex.org/keywords/haven","display_name":"Haven","score":0.46291735768318176},{"id":"https://openalex.org/keywords/financial-economics","display_name":"Financial economics","score":0.3802169859409332},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.17673969268798828}],"concepts":[{"id":"https://openalex.org/C2992712416","wikidata":"https://www.wikidata.org/wiki/Q7398532","display_name":"Safe haven","level":2,"score":0.8592078685760498},{"id":"https://openalex.org/C109168655","wikidata":"https://www.wikidata.org/wiki/Q242988","display_name":"Liberian dollar","level":2,"score":0.853255569934845},{"id":"https://openalex.org/C70771513","wikidata":"https://www.wikidata.org/wiki/Q235779","display_name":"Hedge","level":2,"score":0.749870777130127},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6656415462493896},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.6084513664245605},{"id":"https://openalex.org/C141121606","wikidata":"https://www.wikidata.org/wiki/Q8142","display_name":"Currency","level":2,"score":0.567593514919281},{"id":"https://openalex.org/C2778217808","wikidata":"https://www.wikidata.org/wiki/Q5683658","display_name":"Haven","level":2,"score":0.46291735768318176},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3802169859409332},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.17673969268798828},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0},{"id":"https://openalex.org/C114614502","wikidata":"https://www.wikidata.org/wiki/Q76592","display_name":"Combinatorics","level":1,"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/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1007/s10479-024-05884-y","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s10479-024-05884-y","pdf_url":"https://link.springer.com/content/pdf/10.1007/s10479-024-05884-y.pdf","source":{"id":"https://openalex.org/S57667410","display_name":"Annals of Operations Research","issn_l":"0254-5330","issn":["0254-5330","1572-9338"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Annals of Operations Research","raw_type":"journal-article"},{"id":"pmid:38827179","is_oa":false,"landing_page_url":"https://pubmed.ncbi.nlm.nih.gov/38827179","pdf_url":null,"source":{"id":"https://openalex.org/S4306525036","display_name":"PubMed","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I1299303238","host_organization_name":"National Institutes of Health","host_organization_lineage":["https://openalex.org/I1299303238"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Annals of operations research","raw_type":null},{"id":"pmh:oai:pubmedcentral.nih.gov:11139712","is_oa":true,"landing_page_url":"https://www.ncbi.nlm.nih.gov/pmc/articles/11139712","pdf_url":"https://pmc.ncbi.nlm.nih.gov/articles/PMC11139712/pdf/10479_2024_Article_5884.pdf","source":{"id":"https://openalex.org/S2764455111","display_name":"PubMed Central","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I1299303238","host_organization_name":"National Institutes of Health","host_organization_lineage":["https://openalex.org/I1299303238"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Ann Oper Res","raw_type":"Text"},{"id":"pmh:oai:RePEc:spr:annopr:v:337:y:2024:i:1:d:10.1007_s10479-024-05884-y","is_oa":false,"landing_page_url":"http://link.springer.com/10.1007/s10479-024-05884-y","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,"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":{"id":"doi:10.1007/s10479-024-05884-y","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s10479-024-05884-y","pdf_url":"https://link.springer.com/content/pdf/10.1007/s10479-024-05884-y.pdf","source":{"id":"https://openalex.org/S57667410","display_name":"Annals of Operations Research","issn_l":"0254-5330","issn":["0254-5330","1572-9338"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Annals of Operations Research","raw_type":"journal-article"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/17","score":0.46000000834465027,"display_name":"Partnerships for the goals"}],"awards":[{"id":"https://openalex.org/G3984332166","display_name":null,"funder_award_id":"16/SPP/33","funder_id":"https://openalex.org/F4320320847","funder_display_name":"Science Foundation Ireland"},{"id":"https://openalex.org/G3993907298","display_name":null,"funder_award_id":"13/RC/2106","funder_id":"https://openalex.org/F4320320847","funder_display_name":"Science Foundation Ireland"},{"id":"https://openalex.org/G6646048761","display_name":null,"funder_award_id":"17/SP/5447","funder_id":"https://openalex.org/F4320320847","funder_display_name":"Science Foundation Ireland"}],"funders":[{"id":"https://openalex.org/F4320318630","display_name":"Irish Research eLibrary","ror":null},{"id":"https://openalex.org/F4320320847","display_name":"Science Foundation Ireland","ror":"https://ror.org/0271asj38"},{"id":"https://openalex.org/F4320320858","display_name":"University College Dublin","ror":"https://ror.org/05m7pjf47"}],"has_content":{"grobid_xml":false,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4392803449.pdf"},"referenced_works_count":73,"referenced_works":["https://openalex.org/W166751945","https://openalex.org/W1560819442","https://openalex.org/W1599341303","https://openalex.org/W1967364653","https://openalex.org/W1977145788","https://openalex.org/W1978017247","https://openalex.org/W1990475559","https://openalex.org/W2004426134","https://openalex.org/W2005455195","https://openalex.org/W2019359248","https://openalex.org/W2019956640","https://openalex.org/W2034139177","https://openalex.org/W2043510043","https://openalex.org/W2093573745","https://openalex.org/W2124459709","https://openalex.org/W2138635254","https://openalex.org/W2145208974","https://openalex.org/W2154296752","https://openalex.org/W2523675164","https://openalex.org/W2526568049","https://openalex.org/W2527185117","https://openalex.org/W2567167662","https://openalex.org/W2736872974","https://openalex.org/W2754405980","https://openalex.org/W2758991599","https://openalex.org/W2799918576","https://openalex.org/W2804188989","https://openalex.org/W2886458597","https://openalex.org/W2889898831","https://openalex.org/W2895833204","https://openalex.org/W2899406349","https://openalex.org/W2900441290","https://openalex.org/W2900898792","https://openalex.org/W2901364189","https://openalex.org/W2902076661","https://openalex.org/W2910161434","https://openalex.org/W2943879361","https://openalex.org/W2952442178","https://openalex.org/W2963193923","https://openalex.org/W2978194245","https://openalex.org/W2980077220","https://openalex.org/W2990358316","https://openalex.org/W2999793792","https://openalex.org/W3015646716","https://openalex.org/W3019724901","https://openalex.org/W3022908605","https://openalex.org/W3025889651","https://openalex.org/W3033445019","https://openalex.org/W3037848995","https://openalex.org/W3038850868","https://openalex.org/W3041553367","https://openalex.org/W3041928722","https://openalex.org/W3112937096","https://openalex.org/W3121782217","https://openalex.org/W3121940608","https://openalex.org/W3122159869","https://openalex.org/W3123281029","https://openalex.org/W3123598957","https://openalex.org/W3124647634","https://openalex.org/W3124772058","https://openalex.org/W3125190268","https://openalex.org/W3125223966","https://openalex.org/W3148363294","https://openalex.org/W3150402146","https://openalex.org/W3164072276","https://openalex.org/W3169399312","https://openalex.org/W3184222302","https://openalex.org/W3186770131","https://openalex.org/W3207519146","https://openalex.org/W3215588167","https://openalex.org/W4226053135","https://openalex.org/W4237098482","https://openalex.org/W4298352105"],"related_works":["https://openalex.org/W2080374548","https://openalex.org/W2737314587","https://openalex.org/W4383740979","https://openalex.org/W1966145300","https://openalex.org/W2188689488","https://openalex.org/W2094811965","https://openalex.org/W4253570920","https://openalex.org/W3126065912","https://openalex.org/W4392958338","https://openalex.org/W2760551010"],"abstract_inverted_index":{"Can":[0],"technology":[1],"protect":[2],"investors":[3],"from":[4,119,127],"extreme":[5,99,129],"losses?":[6],"This":[7],"paper":[8],"investigates":[9],"the":[10,22,26,30,61],"short-":[11],"and":[12,15],"long-run":[13,128],"hedging":[14],"safe":[16,58,86],"haven":[17,59,87],"properties":[18],"of":[19,82,98,107,113],"Bitcoin":[20,39,53,120],"for":[21,45,60,124],"US":[23,47,62,115,131],"dollar":[24,48,63,116,132],"over":[25],"period":[27],"2010-2023,":[28],"incorporating":[29],"COVID-19-related":[31],"market":[32],"turmoil.":[33],"Our":[34],"findings":[35],"reveal":[36],"that":[37],"(i)":[38],"acts":[40],"as":[41,55,68,84],"a":[42,56,71,85,105],"strong":[43],"hedge":[44],"all":[46],"currency":[49],"pairs":[50],"examined,":[51],"(ii)":[52],"functions":[54],"weak":[57],"at":[64,93],"short":[65],"investment":[66],"horizons,":[67],"indicated":[69],"by":[70],"limited":[72,122],"relationship":[73],"during":[74,96],"acute":[75],"negative":[76,130],"price":[77],"movements,":[78],"(iii)":[79],"Bitcoin,":[80],"instead":[81],"acting":[83],"may,":[88],"instead,":[89],"increase":[90],"aggregate":[91],"risk":[92],"long":[94],"horizons":[95],"periods":[97],"losses.":[100],"The":[101],"analysis,":[102],"performed":[103],"using":[104],"series":[106],"horizon-dependent":[108],"econometric":[109],"tests,":[110],"provides":[111],"evidence":[112],"some":[114],"risk-reduction":[117],"benefits":[118],"but":[121],"potential":[123],"enduring":[125],"relief":[126],"rate":[133],"movements.":[134]},"counts_by_year":[{"year":2026,"cited_by_count":4},{"year":2025,"cited_by_count":7},{"year":2024,"cited_by_count":4},{"year":2020,"cited_by_count":1}],"updated_date":"2026-01-21T23:30:37.877113","created_date":"2025-10-10T00:00:00"}
