Side Effects and Interactions: Exploring the Relationship between Dirty and Green Cryptocurrencies and Clean Energy Stock Indices

Q1 Economics, Econometrics and Finance International Journal of Energy Economics and Policy Pub Date : 2024-05-08 DOI:10.32479/ijeep.15873

Rui Dias, Mariana Chambino, Rosa Galvão, Paulo Alexandre, Mohammad Irfan

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Abstract

This study aimed to assess whether renewable energy cryptocurrencies such as Cardano (ADA), Ripple (XRP), IOTA (MIOTA), and Stellar (XLM) can be considered hedging assets and safe havens for cryptocurrencies classified as "dirty", such as Bitcoin Cash (BCH), Bitcoin (BTC) Litcoin (LTC), Ethereum (ETH), Ethereum Classic (ETC) and the clean energy stock indices WILDERHILL Clean Energy (ECO) and Clean Energy Fuels (CLNE), from July 6, 2018, to July 6, 2023. The results show that the movements decreased significantly during the Stress period, which includes the events of 2020 and 2022. The Cardano cryptocurrency shows moderate movements, indicating stability and diversification, while Stellar shows moderate movements that suggest resilience. Conversely, XRP shows varied movements, requiring some caution, while IOTA stands out for significant movements associated with sustainable assets. These results interest players operating in these markets when they want to diversify and rebalance their portfolios.

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副作用与相互作用：探索肮脏和绿色加密货币与清洁能源股票指数之间的关系

本研究旨在评估 Cardano (ADA)、Ripple (XRP)、IOTA (MIOTA) 和 Stellar (XLM) 等可再生能源加密货币是否可被视为对冲资产和被归类为 "脏 "的加密货币的避风港、例如比特币现金（BCH）、比特币（BTC）、莱特币（LTC）、以太坊（ETH）、以太坊经典（ETC）以及清洁能源股票指数 WILDERHILL 清洁能源（ECO）和清洁能源燃料（CLNE），从 2018 年 7 月 6 日至 2023 年 7 月 6 日。结果显示，在包括 2020 年和 2022 年事件的应力期内，其走势明显下降。Cardano 加密货币显示出适度的变动，表明其稳定性和多样化，而 Stellar 则显示出适度的变动，表明其具有弹性。相反，XRP 显示出不同的波动，需要谨慎对待，而 IOTA 则因与可持续资产相关的显著波动而脱颖而出。在这些市场中运营的参与者想要多样化和重新平衡其投资组合时，会对这些结果感兴趣。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of Energy Economics and Policy Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)

CiteScore

3.20

自引率

0.00%

发文量

296

审稿时长

14 weeks

期刊介绍： International Journal of Energy Economics and Policy (IJEEP) is the international academic journal, and is a double-blind, peer-reviewed academic journal publishing high quality conceptual and measure development articles in the areas of energy economics, energy policy and related disciplines. The journal has a worldwide audience. The journal''s goal is to stimulate the development of energy economics, energy policy and related disciplines theory worldwide by publishing interesting articles in a highly readable format. The journal is published bimonthly (6 issues per year) and covers a wide variety of topics including (but not limited to): Energy Consumption, Electricity Consumption, Economic Growth - Energy, Energy Policy, Energy Planning, Energy Forecasting, Energy Pricing, Energy Politics, Energy Financing, Energy Efficiency, Energy Modelling, Energy Use, Energy - Environment, Energy Systems, Renewable Energy, Energy Sources, Environmental Economics, Oil & Gas .