Impact of inflation on cryptocurrencies and traditional assets

dc.contributor.advisor	MOLNÁR, PETER
dc.contributor.author	MINDE, JULIAN
dc.contributor.author	RØNNINGEN, MATHIAS
dc.date.accessioned	2022-09-27T15:51:43Z
dc.date.available	2022-09-27T15:51:43Z
dc.date.issued	2022
dc.identifier	no.uis:inspera:113704249:18646453
dc.identifier.uri	https://hdl.handle.net/11250/3021881
dc.description	Full text not available
dc.description.abstract	We investigate the impact of inflation on cryptocurrencies and traditional assets. The dataset consists of weekly trading data for 28 cryptocurrencies and eight traditional assets for the period 01.01.2018 to 07.03.2022. We find that the returns of cryptocurrencies, gold, silver, commodities, REIT, S&P500, and CLOs are positively related to changes in 5-year forward inflation expectations. However, cryptocurrencies are the only asset that can hedge inflation expectations when inflation expectations are above the 2% inflation target. Our results suggest that cryptocurrencies are the best way to hedge inflation expectations.
dc.description.abstract
dc.language	eng
dc.publisher	uis
dc.title	Impact of inflation on cryptocurrencies and traditional assets
dc.type	Master thesis

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Master- og bacheloroppgaver i økonomi / finans / regnskap og revisjon