Extreme events and Bitcoin returns: Evidence from terrorist attacks and natural disasters in Western countries

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dc.contributorAalto Universityen
dc.contributorAalto-yliopistofi
dc.contributor.advisorShin, Sean
dc.contributor.authorIlmonen, Mikko
dc.contributor.departmentRahoituksen laitosfi
dc.contributor.schoolKauppakorkeakoulufi
dc.contributor.schoolSchool of Businessen
dc.date.accessioned2018-03-28T12:42:36Z
dc.date.available2018-03-28T12:42:36Z
dc.date.issued2017
dc.description.abstractThis study provides new evidence on the effects of terrorist attacks and natural disasters on the price of Bitcoin. I find that terrorist attacks affect positively the price of Bitcoin during event-days. This effect is most strong during periods of high general interest in Bitcoin. However, natural disasters seem to have no impact on the price of Bitcoin. I also find that macroeconomic variables have no significant impact on Bitcoin price in the short run. This finding is consistent with previous literature.en
dc.format.extent21
dc.format.mimetypeapplication/pdfen
dc.identifier.urihttps://aaltodoc.aalto.fi/handle/123456789/30401
dc.identifier.urnURN:NBN:fi:aalto-201803281868
dc.language.isoenen
dc.programmeRahoitusfi
dc.subject.keywordterrorismen
dc.subject.keywordBitcoinen
dc.subject.keyworddisasteren
dc.subject.keywordreturnen
dc.subject.keywordtrenden
dc.subject.keywordasseten
dc.subject.keywordevent-dayen
dc.titleExtreme events and Bitcoin returns: Evidence from terrorist attacks and natural disasters in Western countriesen
dc.typeG1 Kandidaatintyöfi
dc.type.ontasotBachelor's thesisen
dc.type.ontasotKandidaatintyöfi

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