Introduction to the special issue on Impact of COVID‑19 and cryptocurrencies on the global financial market

摘要

In the last year,the global outbreak of COVID-19 and the sharply rising price of Bitcoin greatly influence the financial market.Such influences include but are not limited to the trading strategies between different cryptocurrencies,portfolio diversification,foreign exchange markets,and macroeconomic policy.In this 26th issue of Financial Innovation(FIN),Volume 7,No.2(2021),22 researchers from 7 countries have used both traditional statistical methods and the newly developed machine learning techniques to analyze how COVID-19 affects the global financial market and how cryptocurrencies affect portfolio diversification.The research results could be beneficial to governments in making macroeconomic policies and financial investors for making better investment decisions.