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mohammadi, masoud, farzin, mohammadreza, hosseini, shamseddin, Mohammadi, Teymour. (1402). Investigating the Impact of the Dollar Index and Gold Return Rate on Bitcoin Price: Non-linear and Asymmetric Analysis. نشریه علمی دانشگاه سیستان و بلوچستان, (), -. doi: 10.22111/ijbds.2023.46486.2054
masoud mohammadi; mohammadreza farzin; shamseddin hosseini; Teymour Mohammadi. "Investigating the Impact of the Dollar Index and Gold Return Rate on Bitcoin Price: Non-linear and Asymmetric Analysis". نشریه علمی دانشگاه سیستان و بلوچستان, , , 1402, -. doi: 10.22111/ijbds.2023.46486.2054
mohammadi, masoud, farzin, mohammadreza, hosseini, shamseddin, Mohammadi, Teymour. (1402). 'Investigating the Impact of the Dollar Index and Gold Return Rate on Bitcoin Price: Non-linear and Asymmetric Analysis', نشریه علمی دانشگاه سیستان و بلوچستان, (), pp. -. doi: 10.22111/ijbds.2023.46486.2054
mohammadi, masoud, farzin, mohammadreza, hosseini, shamseddin, Mohammadi, Teymour. Investigating the Impact of the Dollar Index and Gold Return Rate on Bitcoin Price: Non-linear and Asymmetric Analysis. نشریه علمی دانشگاه سیستان و بلوچستان, 1402; (): -. doi: 10.22111/ijbds.2023.46486.2054

Investigating the Impact of the Dollar Index and Gold Return Rate on Bitcoin Price: Non-linear and Asymmetric Analysis

International Journal of Business and Development Studies
مقالات آماده انتشار، پذیرفته شده، انتشار آنلاین از تاریخ 11 شهریور 1402
نوع مقاله: Research Paper
شناسه دیجیتال (DOI): 10.22111/ijbds.2023.46486.2054
نویسندگان
masoud mohammadi* 1؛ mohammadreza farzin2؛ shamseddin hosseini3؛ Teymour Mohammadi3
1Faculty of Economics, University of scientific research, Tehran, Iran
2Faculty of management, Allameh Tabataba'i University, Tehran, Iran
3Faculty of Economics, Allameh Tabataba'i University, Tehran, Iran
چکیده
Over the past few years, Bitcoin's price has fluctuated significantly, making it a hot topic in finance research. Numerous studies have been conducted to determine whether Bitcoin is a reliable currency. This study aims to investigate how the Dollar Index and Gold Return Rate affect Bitcoin's price, using a non-linear approach with the NARDL method. The findings show that the Gold Return Rate (G) and Dollar Index Return Rate significantly negatively impact Bitcoin's return. Additionally, based on non-linear and asymmetric tests, the assumption of symmetry in the results for all variables, except nominal interest rate and commodity index return, is rejected. This indicates that the impact of the Gold Return Rate, nominal interest rate, fluctuations in the US stock market, and oil price return is asymmetric. These results confirm the non-linear nature of these relationships. They also demonstrate that Bitcoin's return has been able to protect itself to a certain degree against the US dollar or some other investments.
کلیدواژه‌ها
Dollar Index؛ Gold Return Rate؛ Bitcoin.Nardl
آمار
تعداد مشاهده مقاله: 40


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