Asymmetric Monetary Policy Effects on Cryptocurrency Markets

Nguyen, T, Nguyen, B, Nguyen, K and Huy, P 2019, 'Asymmetric Monetary Policy Effects on Cryptocurrency Markets', Research in International Business and Finance, vol. 48, pp. 335-339.

Document type: Journal Article
Collection: Journal Articles

Title Asymmetric Monetary Policy Effects on Cryptocurrency Markets
Author(s) Nguyen, T
Nguyen, B
Nguyen, K
Huy, P
Year 2019
Journal name Research in International Business and Finance
Volume number 48
Start page 335
End page 339
Total pages 5
Publisher Elsevier
Abstract Cryptocurrencies have recently attracted numerous interests from investors as potential investable assets. However, research on their responses to macroeconomic policies remains insufficient. This study examines the asymmetric impacts of monetary policies on cryptocurrency returns during monetary tightening versus monetary easing regimes. Interestingly, we find significant responses of four major cryptocurrencies including Bitcoin to Chinese tightening monetary policies; however, U.S. monetary policies do not significantly affect cryptocurrency returns.
Subject Financial Economics
Keyword(s) Cryptocurrencies
Monetary Policy
Asymmetric Response
DOI - identifier 10.1016/j.ribaf.2019.01.011
Copyright notice © 2019 Elsevier B.V. All rights reserved.
ISSN 0275-5319
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