| Autor: |
Sadraoui, Tarek, Nasr, Ahlem, Mgadmi, Nidhal |
| Zdroj: |
International Journal of Managerial and Financial Accounting; 2021, Vol. 13 Issue: 1 p232-252, 21p |
| Abstrakt: |
Our innovative collaboration of our research work is to study and test the effects of exchange rates/USD and economic factors such as financial openness (Kopen), inflation rate, internet penetration and rate of economic growth on the bitcoin price of developing countries, during 2010-2017. The rise of the new phenomena of crypto currency in the world raises questions about the importance of bitcoin prices compared to the exchange rate and financial openness. Using panel data, we show that the exchange rate has a positive and statistically significant impact on the price of bitcoin and financial openness has exerted a negative and significant effect on bitcoin price. Specifically, we determine the causal relationship between the bitcoin price and its factors using Granger causality test. |
| Databáze: |
Supplemental Index |
| Externí odkaz: |
|
