Work

Analysis of the impact of macroeconomic factors on cryptocurrency returns - Based on quantile regression study

Year: 2024

Type: article

Abstract: This paper uses data from January 2018 to early May 2024 as a sample to study the impact of macroeconomic factors on cryptocurrency returns. The empirical study finds that the price index of means of production significantly negatively impacts bitcoin returns. The US dollar exchange rate also significantly negatively impacts bitcoin returns, while Treasury yields have a positive effect.

Source: International Review of Economics & Finance

DOI: 10.1016/j.iref.2024.103757

Authors: Minghui Lin, Ye Liu, Vincent Ng Kim Sheng

Institutions: Yunnan University of Finance And Economics, Kunming University of Science and Technology, SEGi College Kuala Lumpur, SEGi University

Language: English

Topic: Market Dynamics and Volatility

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: hybrid

Estimated APC paid: $2,790

OpenAlex ID: W4404770006

FWCI: 3.254

Cites: 33

Cited by: 9

Related to: 10