Arbeitspapier
What are the main drivers of the Bitcoin price? Evidence from wavelet coherence analysis
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.
- Language
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Englisch
- Bibliographic citation
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Series: FinMaP-Working Paper ; No. 23
- Classification
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Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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Kristoufek, Ladislav
- Event
-
Veröffentlichung
- (who)
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Kiel University, FinMaP - Financial Distortions and Macroeconomic Performance
- (where)
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Kiel
- (when)
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2014
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Kristoufek, Ladislav
- Kiel University, FinMaP - Financial Distortions and Macroeconomic Performance
Time of origin
- 2014
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