Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/142671 
Year of Publication: 
2014
Series/Report no.: 
EERI Research Paper Series No. 08/2014
Publisher: 
Economics and Econometrics Research Institute (EERI), Brussels
Abstract: 
This paper analyses the relationship between BitCoin price and supply-demand fundamentals of BitCoin, global macro-financial indicators and BitCoin’s attractiveness for investors. Using daily data for the period 2009-2014 and applying time-series analytical mechanisms, we find that BitCoin market fundamentals and BitCoin’s attractiveness for investors have a significant impact on BitCoin price. Our estimates do not support previous findings that the macro-financial developments are driving BitCoin price.
Subjects: 
BitCoin
exchange rate
supply-demand fundamentals
financial indicators
attractiveness
JEL: 
E31
E42
G12
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.