<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>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.</p>
</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.

Determining the Foreign Currencies Affecting the Bitcoin.

Applied Mathematics and Nonlinear Sciences

This work is licensed under the Creative Commons Attribution 4.0 International License.

{"article-title":"Determining the Foreign Currencies Affecting the Bitcoin."}

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,...

Determining the Foreign Currencies Affecting the Bitcoin.

Online veröffentlicht: 10. Nov. 2023

Seitenbereich: 3427 - 3444

Eingereicht: 14. Juni 2023

Akzeptiert: 23. Aug. 2023

DOI: https://doi.org/10.2478/amns.2023.2.01139

Schlüsselwörter
Electronic Money, Cryptocurrency, Bitcoin, Exchange Rate, Time Series Analysis, Granger Causality

© 2023 Gul Cennet Ozaltun et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Determining the Foreign Currencies Affecting the Bitcoin.

Online veröffentlicht: 10. Nov. 2023

Seitenbereich: 3427 - 3444

Eingereicht: 14. Juni 2023

Akzeptiert: 23. Aug. 2023

DOI: https://doi.org/10.2478/amns.2023.2.01139

SchlüsselwörterElectronic Money, Cryptocurrency, Bitcoin, Exchange Rate, Time Series Analysis, Granger Causality

© 2023 Gul Cennet Ozaltun et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Schlüsselwörter
Electronic Money, Cryptocurrency, Bitcoin, Exchange Rate, Time Series Analysis, Granger Causality