Chapter 24 Analysis of Relationship Between International Interest Rates and Cryptocurrency Prices: Case for Bitcoin and LIBOR

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dc.authorscopusid57989772700
dc.authorscopusid54412179500
dc.contributor.authorErdogan S.
dc.contributor.authorDayan V.
dc.date.accessioned2024-06-12T10:24:46Z
dc.date.available2024-06-12T10:24:46Z
dc.date.issued2019
dc.description.abstractIn this study, the change in weekly USD LIBOR Rate and USD Bitcoin Price for 2013–2018 were analyzed. LIBOR stands for London Interbank Offered Rate and it is a benchmark rate in which some of the world’s leading banks charge each other for short-term loans. Bitcoin is the most traded currency in the cryptocurrency market. Vector Autoregressive Model (VAR) and Autoregressive Distributed Lag Models (ARDL) were used in this study. Impulse-response functions used and variance decomposition tests were made. Granger Causality Analysis was performed. Pairwise Granger and VAR Granger Wald tests were used for causality analysis. Additionally stationary test was also performed before the analysis. The stationary analysis of the variables will be made with ADF 79 and Perron’s 89 breakpoint unit root tests. According to the results of the study; the variables are stationary at the I(0) level. VAR model was stationary and significant. According to ARDL model; short-term deviations have stabilized in the long run. The Granger causality test was one-way significant. © Springer Nature Switzerland AG 2019.en_US
dc.identifier.doi10.1007/978-3-030-25275-5_24
dc.identifier.endpage514en_US
dc.identifier.issn1431-1933
dc.identifier.scopus2-s2.0-85143168426en_US
dc.identifier.scopusqualityQ4en_US
dc.identifier.startpage487en_US
dc.identifier.urihttps://doi.org/10.1007/978-3-030-25275-5_24
dc.identifier.urihttps://hdl.handle.net/20.500.14551/15991
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherSpringer Science and Business Media Deutschland GmbHen_US
dc.relation.ispartofContributions to Economicsen_US
dc.relation.publicationcategoryKitap Bölümü - Uluslararasıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subject[Abstarct Not Available]en_US
dc.titleChapter 24 Analysis of Relationship Between International Interest Rates and Cryptocurrency Prices: Case for Bitcoin and LIBORen_US
dc.typeBook Chapteren_US

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