The Impacts of Central Bank Indicators on Commodity Prices: An Application of ARDL Bounds Test

Çiğdem Yılmaz Özsoy

This paper investigates the impacts of Central Bank Indicators on Bitcoin/TL prices as a Commodity by using the ARDL Bounds Test. In the article, monthly data between 2017:09 – 2019:12 is used. The Central Bank Indicators are explained by M2 money supply, one-month interest rates of bank deposits, one-week repo interest rate, 10-year government bond. In the paper, Bitcoin's prices are considered as a Commodity in TL. The stationary behaviour of variables is investigated by using the ADF test and it is found that all the variables are stationary in first differences for the trend and constant m ...Daha fazlası