Analysis of the impact of macroeconomic factors on cryptocurrency returns - Based on quantile regression study
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.
Authors
- Ye Liu (ORCID: https://orcid.org/0000-0002-9367-3532)
- Ming‐Yi Lin (ORCID: https://orcid.org/0000-0001-7264-0902)
- Vincent Ng Kim Sheng
Institutions
- Kunming University of Science and Technology (CN)
- Yunnan University of Finance And Economics (CN)
- SEGi University (MY)
Publication Details
- Journal
- International Review of Economics & Finance
- Published
- 2024-11-27
- DOI
- https://doi.org/10.1016/j.iref.2024.103757
- Citations
- 6
- Primary Topic
- Impact of AI and Big Data on Business and Society
- Type
- article
- Field-Weighted Citation Impact
- 2.94