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- Title
KRİPTO PARALAR VE FİYAT İLİŞKİLERİ ÜZERİNE BİR ANALİZ: TODA-YAMAMOTO NEDENSELLİK ANALİZİ İLE BİR İNCELEME.
- Authors
AKSOY, Esra; TEKER, Türker; MAZAK, Mehmet; KOCABIYIK, Üyesi Turan
- Abstract
The purpose of this study is to discover the price relationship between cryptocurrencies. Technological developments bring great changes in every area of life. All innovative products and services that are produced in accordance with the requirements of the era, which give people speed and convenience, find a response in the society and are rapidly becoming widespread. Cryptocurrencies are becoming a financial instrument, which is becoming more and more known to people every day. Cryptocurrencies, which are skeptical about whether they will have a future or not, have become investment instruments that attract investors from many countries today. Official authorities also continue their legal infrastructure work on the trading of cryptocurrencies and related derivatives. In this study, according to investing.com, a review was made using the daily closing prices between the dates of 18.01.2018-24.12.2019 between 5 cryptocurrencies (bitcoin, ethereum, ripple, bitcoin cash, litecoin) determined among the highest cryptocurrencies. Using the Toda-Yamamoto causality test as a method, the relationship between crypto coins was investigated. Findings revealed by the study; It shows that all other cryptocurrencies in the analysis affect the price of litecoin, ethereum affects all cryptocurrencies, as well as the 5 cryptocurrencies examined have a causal relationship with at least 2 cryptocurrencies.
- Subjects
FINANCIAL instruments; CRYPTOCURRENCIES; BITCOIN; TEST methods; COINS
- Publication
Journal of Suleyman Demirel University Institute of Social Sciences, 2020, Issue 37, p110
- ISSN
1305-7774
- Publication type
Article