New Findings Reported from COMSATS University Islamabad Describe Advances in Risk Management (Economic Policy Uncertainty and Cryptocurrency Market as a Risk Management Avenue: A Systematic Review): Insurance – Risk Management

2021 OCT 13 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- New study results on insurance have been published. According to news reporting out of Islamabad, Pakistan, by NewsRx editors, research stated, “Cryptocurrency literature is increasing rapidly nowadays. Particularly, the role of the cryptocurrency market as a risk management avenue has got the attention of researchers.”

The news reporters obtained a quote from the research from COMSATS University Islamabad: “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.”

According to the news editors, the research concluded: “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.”

For more information on this research see: Economic Policy Uncertainty and Cryptocurrency Market as a Risk Management Avenue: A Systematic Review. Risks, 2021,9(163):163. (Risks - http://www.mdpi.com/journal/risks). The publisher for Risks is MDPI AG.

A free version of this journal article is available at https://doi.org/10.3390/risks9090163.

Our news journalists report that more information may be obtained by contacting Inzamam Ul Haq, Department of Management Sciences, COMSATS University Islamabad, Islamabad 45550, Pakistan. Additional authors for this research include Apichit Maneengam, Supat Chupradit, Wanich Suksatan, Chunhui Huo.

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