[PDF] Top 20 The macroeconomic determinants of cryptocurrencies' returns

... in the cloud computing. Wallets are connected with the user by digital code, not by names of the ...New cryptocurrencies are made from solving complex mathematical task by miners - ... See full document

... market, the authorities need to promote economic growth, keep a relatively low interest rate and expected inflation rate, and pursue a strong currency ...use the quadratic relationship between the ... See full document

... test the first implication, he used predictive variables as proxies for macroeconomic news and noted whether there was a co-movement of flows and first differences of these predictive ... See full document

... from the 2011 performed on 26 different economies from the 1998 to the 2009, the inflation rate might have either a positive or a negative impact on the debtors’ capacity to pay back ... See full document

... account the hypothesis described in the previous chapter and aiming to test the correlation between the different variables, in this chapter an analysis via T-test and a description of ... See full document

... one of the important industries of the tertiary sector, the tourism industry has been develop- ing rapidly in the last decades and contributing signi…cantly for economic growth, ... See full document

... to the Portuguese economy do not ...VAR. The estimated public capital elasticity of output is high, between ...to the US value estimated by Aschauer (1989a, 1989b). The same author ... See full document

... (2010), the Wage Schooling Locus has three properties: (1) it is upward sloping, implying that higher levels of education lead to higher salaries, as long as the financial gains determine educational ... See full document

... asset returns can be divided into three types (Con- nor, 1995): macroeconomic, fundamental, and statistical factor ...models. Macroeconomic factor models (Chan, Chen and Hsieh, 1985, Chen, Roll and ... See full document

... were the factors that were driving Bitcoin ...point of view the factors considered more important were “Enhanced anonymity of electronic payment”, “leaving out intermediaries”, “lower ... See full document

... expectations, the composition and the size of the central bank’s balance ...our macroeconomic analysis we focus on the latter, the one less explored but with the ... See full document

... All the previous studies looked separately at specific Bitcoin price determinants, without ever thinking they might have interactions between ...So, the three authors focused their research based on ... See full document

... to the characteristics of the sample under ...highlight the fact that the selected sample covers a period marked by a severe recession in the Portuguese ...study the ... See full document

... part of a certain group of countries is a factor that can influ- ence an accounting system (Nobes, ...1983). The common law system is based on English law and is shaped by precedents from judicial ... See full document

... with the “best” return variation model for the PSI 20, here ...market returns. Second, unexpected increases in the Federal funds target rate are found to depress the DJ 30 Industrial ... See full document

... 2015, the International Monetary Fund (IMF)’s Executive Board decided to include the Chinese Renminbi (CNY) in the Special Drawing Rights (SDR) Currency Basket as the fifth currency alongside ... See full document

... and macroeconomic variables. Therefore, the predictability of stock market determinants becomes ...identify the effects of selected macroeconomic factors (interest rate, ... See full document

... to the literature in three different aspects. The first aspect regards the analysis of public ...forecasts determinants and their corresponding errors. In view of the ... See full document

... expectations of the future performances of corporate ...indicators of economic activities. So, the dynamic relationship between stock prices and macroeconomic variables can be ... See full document

... some of the most relevant studies grounded on ARMA models applied to M&A ...on the unit ...models. The most relevant include Choi & Jeon (2011) and Finn & Hodgson (2005) that ... See full document