Determining the Foreign Currencies Affecting the Bitcoin.-Reference-Cited by-同舟云学术

Determining the Foreign Currencies Affecting the Bitcoin.

Published:2023-07-01 Issue:2 Volume:8 Page:3427-3444
ISSN:2444-8656
Container-title:Applied Mathematics and Nonlinear Sciences
language:en
Short-container-title:

Author:

Ozaltun Gul Cennet¹,Ege Ilhan¹,Topaloglu Emre Esat²,Huang Chia Hsing³,Urkmez Taylan⁴

Affiliation:

1. 1 Mersin University , Department of Business Administration , Mersin , Turkiye

2. 2 Sirnak University , Department of Business Administration , Sirnak , Turkiye

3. 3 Solbridge International School of Business , Daejeon , S. Korea

4. 4 American University of Middle East , College of Business , Kuwait

Abstract

Abstract In the present paper, the Granger causality test is used to study the causality relationships between Bitcoin and some of the most highly traded currencies, including euro, Japanese yen, British pound, Chinese yuan, and Indian rupee. To this purpose, the daily exchange rates of Bitcoin and the selected currencies to USD between 2014 and 2018 were used. Different from findings in existing literature, our study shows that there are no Granger causalities between Bitcoin and Euro, Japanese yen, British pound, and Indian rupee. A Granger causality is found in the direction from the Chinese yuan to Bitcoin.

Publisher

Walter de Gruyter GmbH

Subject

Applied Mathematics,Engineering (miscellaneous),Modeling and Simulation,General Computer Science

Link

https://www.sciendo.com/pdf/10.2478/amns.2023.2.01139

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