Stabilizing Volatile Markets: Analyzing the Role of Gold- Backed Crypto Assets in Modern Financial Systems
暫譯: 穩定波動市場：分析黃金支持的加密資產在現代金融系統中的角色

The modern financial markets are constantly evolving and giving rise to new asset types, Gold backed cryptocurrencies (GBCs) are one such asset class. Recent studies try to deploy a comparative analysis between Gold and GBCs. However, do GBCs independently stabalize a volatile market? This study addresses this question by creating dummy portfolios to replicate the economies of USA, EU and China. A DCC-MGARCH analysis is then employed on the log returns of the five major assets chosen in the portfolio. In addition to this, the book also tries to find out whether the information on volatility of GBCs provide any predictions on the volatility of equities.