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ID: 184052

Jumps in Geopolitical Risk and the Cryptocurrency Market: The Singularity of Bitcoin / Bouri, Elie; Gupta, Rangan; Vo, Xuan Vinh

Gupta, Rangan	Journal Article
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Summary/Abstract

Are price discontinuities in cryptocurrencies jointly related to large swings in geopolitical risk? This is a relevant question to answer given recent news from the press that Bitcoin’s price jumps are driven by jumps in the level of geopolitical risk index. To answer this question, we examine first the jump incidence of daily returns for Bitcoin and other leading cryptocurrencies and then study the co-jumps between cryptocurrencies and the geopolitical risk index using logistic regressions. Our dataset is at the daily frequency and covers the period 30 April 2013 to 31 October 2019. The results show that the price behaviour of all cryptocurrencies under study is jumpy but only Bitcoin jumps are dependent on jumps in the geopolitical risk index. This revealed evidence of significant co-jumps for the case of Bitcoin only nicely complements previous studies arguing that Bitcoin is a hedge against geopolitical risk.

Key Words

GARCH ; Geopolitical Risk ; Bitcoin ; Jumps ; Cryptocurrencies

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ID: 154581

Vietnam–India maritime cooperation / Vo, Xuan Vinh

Xuan Vinh Vo	Journal Article
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Vietnam–India relations have been nurtured over several centuries. In recent years, the bilateral political relationship has been upgraded to strategic and comprehensive strategic partnership in 2007 and 2016, respectively. There has also been proactive growth in all sectors of the bilateral relationship, across economic, cultural and strategic dimensions, including maritime cooperation. In the context of increasing security challenges and threats to the freedom of navigation and overflight in the South China Sea, along with other non-traditional security issues in the maritime domain such as piracy and terrorism, there is a critical need for an enhanced Vietnam–India maritime cooperation. This paper examines the current status of maritime cooperation between Vietnam and India, and affirms urgent requirements making two countries deepen their maritime cooperation.

Key Words

Terrorism ; Vietnam-India Relations ; Vietnam-India Maritime Cooperation ; Vietnam-India Strategic Partnership ; The South China Sea ; Piracy and Armed Robbery

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