{"title":"Is Ethereum's Price Return Determined by COVID-19, Macro-financial, and Crypto Market Factors?","authors":"S. A. H. Havidz, Tiffani, Gaby, M. Widjaja","doi":"10.1145/3537693.3537714","DOIUrl":null,"url":null,"abstract":"We investigated COVID-19 cases per country, macro-financial, and crypto market factors that might have affected Ethereum's price return in the top three countries of users, which were also affected by COVID-19 (United States, China, and Germany). Feasible Generalized Least Square (FGLS) was used as the methodology and the generalized method of moments (GMM) was tested for a robustness check. The findings revealed that Ethereum price returns were greatly affected by COVID-19 factors. Meanwhile, macro-financial factors (stock indices and gold) had stronger effects on the return of Ethereum price rather than the crypto market.","PeriodicalId":71902,"journal":{"name":"电子政务","volume":"44 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2022-04-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"电子政务","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1145/3537693.3537714","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
We investigated COVID-19 cases per country, macro-financial, and crypto market factors that might have affected Ethereum's price return in the top three countries of users, which were also affected by COVID-19 (United States, China, and Germany). Feasible Generalized Least Square (FGLS) was used as the methodology and the generalized method of moments (GMM) was tested for a robustness check. The findings revealed that Ethereum price returns were greatly affected by COVID-19 factors. Meanwhile, macro-financial factors (stock indices and gold) had stronger effects on the return of Ethereum price rather than the crypto market.
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