Noble International Journal of Economics and Financial Research

Online ISSN: 2519-9730 | Print ISSN: 2523-0565


    Volume 5 Number 4 April 2020


Pages: 50-55
Authors: Yutaka Kurihara*, Akio Fukushima, Shinichiro Maeda
Bitcoin has become widely used, and it can be expected that the price would have impacts on stock prices. Along with interest rates, some economic variables have been focused as deterministic elements of stock prices. This study examines whether or not Bitcoin’s price can be a predictor of stock prices. Empirical results show that interest rates and stock prices are deterministic elements of stock prices. Also, among economic variables, Bitcoin’s price is not a predictor of stock prices. Instead, interest rates and stock prices are suitable for predictors of stock prices.

Aim & Scope Instructions for Authors Editorial Board Indexed/abstracted in Submit Manuscripts Archive

Call for Papers

Call for Quality PapersAuthors are invited to submit their quality and original research manuscripts/articles for possible publication in the following journals. Following journals are published by Noble Academic Publisher (NAP). Noble Internati...

Read More

Publication Ethics

Publication Ethics and Malpractice StatementAcademic ethics are the necessary fundamental principle of research reputation. To promote academic integrity and publish high...

Read More

Article Processing Charge

Article Processing Charges [APC]As with any other Open Access publishing company, with NAP there is no paper, no mailing, no subscriptions, and no restriction against using and sharing our journals. But we do have to pay for maintaining published man...

Read More