What Are the Main Drivers of the Bitcoin Price? Evidence from Wavelet Coherence Analysis
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985556%3A_____%2F15%3A00452318" target="_blank" >RIV/67985556:_____/15:00452318 - isvavai.cz</a>
Nalezeny alternativní kódy
RIV/00216208:11230/15:10295820
Výsledek na webu
<a href="http://dx.doi.org/10.1371/journal.pone.0123923" target="_blank" >http://dx.doi.org/10.1371/journal.pone.0123923</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1371/journal.pone.0123923" target="_blank" >10.1371/journal.pone.0123923</a>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
What Are the Main Drivers of the Bitcoin Price? Evidence from Wavelet Coherence Analysis
Popis výsledku v původním jazyce
The Bitcoin has emerged as a fascinating phenomenon in the Financial markets. Without any central authority issuing the currency, the Bitcoin has been associated with controversy ever since its popularity, accompanied by increased public interest, reached high levels. Here, we contribute to the discussion by examining the potential drivers of Bitcoin prices, ranging from fundamental sources to speculative and technical ones, and we further study the potential influence of the Chinese market. The evolution of relationships is examined in both time and frequency domains utilizing the continuous wavelets framework, so that we not only comment on the development of the interconnections in time but also distinguish between short-term and long-term connections. We find that the Bitcoin forms a unique asset possessing properties of both a standard financial asset and a speculative one.
Název v anglickém jazyce
What Are the Main Drivers of the Bitcoin Price? Evidence from Wavelet Coherence Analysis
Popis výsledku anglicky
The Bitcoin has emerged as a fascinating phenomenon in the Financial markets. Without any central authority issuing the currency, the Bitcoin has been associated with controversy ever since its popularity, accompanied by increased public interest, reached high levels. Here, we contribute to the discussion by examining the potential drivers of Bitcoin prices, ranging from fundamental sources to speculative and technical ones, and we further study the potential influence of the Chinese market. The evolution of relationships is examined in both time and frequency domains utilizing the continuous wavelets framework, so that we not only comment on the development of the interconnections in time but also distinguish between short-term and long-term connections. We find that the Bitcoin forms a unique asset possessing properties of both a standard financial asset and a speculative one.
Klasifikace
Druh
J<sub>x</sub> - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)
CEP obor
AH - Ekonomie
OECD FORD obor
—
Návaznosti výsledku
Projekt
<a href="/cs/project/GBP402%2F12%2FG097" target="_blank" >GBP402/12/G097: DYME-Dynamické modely v ekonomii</a><br>
Návaznosti
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Ostatní
Rok uplatnění
2015
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název periodika
PLoS ONE
ISSN
1932-6203
e-ISSN
—
Svazek periodika
10
Číslo periodika v rámci svazku
4
Stát vydavatele periodika
US - Spojené státy americké
Počet stran výsledku
15
Strana od-do
—
Kód UT WoS článku
000353015800124
EID výsledku v databázi Scopus
2-s2.0-84928818221