The Impacts of Central Bank Indicators on Commodity Prices: An Application of ARDL Bounds Test
نویسندگان
چکیده
This paper investigates the impacts of Central Bank Indicators on Bitcoin/TL prices as a Commodity by using ARDL Bounds Test. In article, monthly data between 2017:09 – 2019:12 is used. The are explained M2 money supply, one-month interest rates bank deposits, one-week repo rate, 10-year government bond. paper, Bitcoin's considered in TL. stationary behaviour variables investigated ADF test and it found that all first differences for trend constant model. But price Bitcoin TL level Thus, to discover long-run relationship variables, applied. As result test, there indicators prices. According obtained results, while supply Turkey’s bonds (%) move together with prices; rate political deposit opposite directions long-run.
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ژورنال
عنوان ژورنال: The journal of operations research, statistics, econometrics and management information systems
سال: 2021
ISSN: ['2148-2225']
DOI: https://doi.org/10.17093/alphanumeric.720873