employee from 01.09.2001 until now
Rostov-na-Donu, Rostov-on-Don, Russian Federation
student from 01.09.2015 until now
Rostov-na-Donu, Rostov-on-Don, Russian Federation
student
Rostov-na-Donu, Rostov-on-Don, Russian Federation
student
Rostov-na-Donu, Russian Federation
GRNTI 83.29 Экономическая статистика
OKSO 01.04.01 Математика
BBK 6523 Планирование. Экономическое прогнозирование
TBK 6151 Эконометрика
The article presents an econometric analysis of the effect of stock indicators, such as Comex Gold futures, Dow Jones Industrial Average index and NASDAQ Composite, on the Ethereum cryptocurrency dynamics in the 100-day period. As part of the study, an econometric model of the dynamics of e-currency was built. The survey results show that when the Comex gold futures price changes by 1% on average, the Ethereum price changes by 5.01% in the same direction, when the Dow Jones Industrial Average index changes by 1%, the Ethereum price is 10.897%, and when the NASDAQ Composite index changes, the Ethereum price will change in the opposite direction to 3.59%
cryptocurrency, econometric model, stock exchange, currency exchange rate, crypto currency
1. Robbek A.E. Bitcoin as a phenomenon in the global economy // NEFU Bulletin. 2014. №6. URL: https://cyberleninka.ru/article/n/vitsoin-kak-yavlenie-v-mirovoy-ekonomike (Accessed 11.30.2018).
2. Hermann Elendne, Simon Trimborn, Bobby Ong, Teik Ming Lee. Chapter 7 - The Cross-Section of Crypto-Currencies as Financial Assets: Investing in Crypto-Currencies Beyond Bitcoin // Handbook of Blockchain, Digital Finance, and Inclusion, Volume 1, Cryptocurrency, FinTech, InsurTech, and Regulation 2018, Pages 145-173.
3. Official web-site «Finam». URL: https://www.finam.ru/. (Accessed 11.30.2018).
4. Official web-site «Anycoin.news». URL: https://anycoin.news/2018/08/28/ico-analis/. (Accessed 11.30.2018).
5. Maramygin M.S., Prokofieva E.N., Markova A.A. The economic nature and problems of using virtual money (cryptocurrency) // News of USUE. 2015. № 2 (58). URL: https://cyberleninka.ru/article/n/ekonomicheskaya-priroda-i-problemy-ispolzovaniya-virtualnyh-deneg-kriptovalyut (Accessed 11.30.2018).
6. Moebeen Ur Rehmana, Nicholas Apergisb Determining the predictive power of fusures and quantile causality tests // Available Policy, Available online September 5, 2018.
7. Nasdaq Indexes Re-Rank Stocks // ETF agency. URL: https://www.etf.com/sections/features/6999-nasdaq-100-index-re-ranks-stocks-.html?nopaging=1. (Accessed 12.30.2018).
