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- handle: 10670/1.6hw4n0
- hal: hal-03004413
- doi: 10.1016/j.qref.2019.07.003
- PII: S1062-9769(18)30327-2
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info:eu-repo/semantics/altIdentifier/doi/10.1016/j.qref.2019.07.003
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Mots-clés
Bitcoin Cryptocurrencies Banking system access Altcoins VECM ARDL C - Mathematical and Quantitative Methods/C.C2 - Single Equation Models • Single Variables/C.C2.C22 - Time-Series Models • Dynamic Quantile Regressions • Dynamic Treatment Effect Models • Diffusion Processes C - Mathematical and Quantitative Methods/C.C5 - Econometric Modeling/C.C5.C58 - Financial Econometrics G - Financial Economics/G.G1 - General Financial Markets/G.G1.G12 - Asset Pricing • Trading Volume • Bond Interest RatesCiter ce document
Taoufik Bouraoui, « The drivers of Bitcoin trading volume in selected emerging countries », HAL-SHS : économie et finance, ID : 10.1016/j.qref.2019.07.003
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Résumé
While most of the debates about cryptocurrencies are centered on the global Bitcoin market, in thisarticle, we focus on local Bitcoin trading volume in 21 emerging countries. In particular, we attempt todetermine the drivers of Bitcoin trading volume in these countries over the period August 1st, 2015 – June2nd, 2018. Based on VECM and ARDL models, we find evidence of significant relationship between thelocal Bitcoin trading volume in each country and the associated banking system access, especially in theshort-run. Moreover, altcoins (Ethereum, Ripple) prices are shown to affect positively and significantlythe local Bitcoin trading volume for most countries in the long-run (VECM results) and the short-run (ARDL results).