Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Articles Article Faculty Publications -Articles Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Is Bitcoin a Safe Haven for Indian Investors? A GARCH Volatility Analysis Subject The topic of the resource Bitcoin; DCC GARCH; EGARCH; gold; volatility spill over Description An account of the resource This paper attempts to understand the dynamic interrelationships and financial asset capabilities of Bitcoin by analysing several aspects of its volatility vis-a-vis other asset classes. This study aims to analyse the volatility dynamics of the returns of Bitcoin. An asymmetric GARCH model (EGARCH) is used to investigate whether Bitcoin may be useful in risk management and ideal for risk-averse investors in anticipation of negative shocks to the market (leverage effect). This paper also examines Bitcoin as an investment and hedge alternative to gold as well as NSE NIFTY using a multivariate DCC GARCH model. DCC GARCH models are also used to check whether correlation (co-movement) between the markets is time-varying, examine returns and volatility spillovers between markets and the effect of the outbreak of COVID-19 in India on the investigated markets. The results show that given the supply of Bitcoin is fixed, low returns realisation is equivalent to excess supply over demand wherein investors are selling off Bitcoin during bad times. The positive co-movement between Bitcoin and gold during the COVID-19 outbreak shows that investors perceived Bitcoin as a relatively safe investment. However, overall analysis shows that Bitcoin was not considered a safe hedge and an investment option by Indian investors during the study period. 2022 by the authors. Creator An entity primarily responsible for making the resource Murty S.; Victor V.; Fekete-Farkas M. Source A related resource from which the described resource is derived Journal of Risk and Financial Management, Vol-15, No. 7 Publisher An entity responsible for making the resource available MDPI Date A point or period of time associated with an event in the lifecycle of the resource 2022-01-01 Identifier An unambiguous reference to the resource within a given context <a href="https://doi.org/10.3390/jrfm15070317" target="_blank" rel="noreferrer noopener">https://doi.org/10.3390/jrfm15070317</a> <br /><br /><a href="https://www.scopus.com/inward/record.uri?eid=2-s2.0-85136058994&amp;doi=10.3390%2Fjrfm15070317&amp;partnerID=40&amp;md5=590f498ed9f5cd123a367750db40c5b0" target="_blank" rel="noreferrer noopener">https://www.scopus.com/inward/record.uri?eid=2-s2.0-85136058994&amp;doi=10.3390%2fjrfm15070317&amp;partnerID=40&amp;md5=590f498ed9f5cd123a367750db40c5b0</a> Rights Information about rights held in and over the resource All Open Access; Gold Open Access; Green Open Access Relation A related resource ISSN: 19118074 Format The file format, physical medium, or dimensions of the resource Online Language A language of the resource English Type The nature or genre of the resource Article Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Murty S., Department of Economics, CHRIST (Deemed to be University, Bangalore, 560029, India; Victor V., Accounting, Economics and Finance Area, T A Pai Management Institute, Manipal Academy of Higher Education, Manipal, 576104, India; Fekete-Farkas M., Institute of Agricultural and Food Economics, Hungarian University of Agriculture and Life Sciences, Godollo, 2100, Hungary