Safe haven currency

[Stephen Gornick]

Looking forward to the day when a digital currency (-ies) is compared to state-based fiat currencies.

What makes a safe haven currency?

Three possible sets of explanations of a safe haven status.

• First, a currency may be a safe haven if the country issuing it is itself safe and low-risk. That may be appreciated by nervous investors in times of high risk aversion.
• Second, we surmise that size and liquidity of a country's financial market may support a safe haven status, an argument that has been called for during the latest financial crisis. When global risk aversion is high, market liquidity may dry up and most liquid markets may get an additional bonus.
• Third, we test whether financial openness and more generally financial globalisation is a determinant of a safe haven status. An ideal safe haven should be a place that is insulated from the global storm when the storm strikes; a difficult feat in times of financial globalisation.

http://www.voxeu.org/index.php?q=node/6062

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[PrymeTyme]

BTC is a friggin safe haven !


no gov. bank. etc.. has access to my BTCs..


just think about cypruss ! where all saved cash and money in the banks  got 50% frozen and well simply stolen from you! wont happen with BTC !!

the sooner the big boys realize this the better .. till then to tha moon 

[Ekaros]

Bitcoin isn't very stable compared to most major fiats nor there is constant liquidity...

These might not fix themselves for a while...

[AnonyMint]

There is no safe haven.

You are fooled.

You can read my posts to educate yourself.

The elite are sucking everyone in for the big crash and sweep into the NWO. Bitcoin is helping them achieve this.

[Mondy]

BTC is a friggin safe haven !


no gov. bank. etc.. has access to my BTCs..


just think about cypruss ! where all saved cash and money in the banks  got 50% frozen and well simply stolen from you! wont happen with BTC !!

the sooner the big boys realize this the better .. till then to tha moon 

True dat