加密货币价格波动对加密货币开采的影响，以及地缘政治风险下的二氧化碳排放

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2024-12-01 DOI:10.1016/j.frl.2024.106551

Imran Yousaf, Kamel Si Mohammed, Umair Bin Yousaf, Vanessa Serret

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引用次数: 0

摘要

考虑到地缘政治风险（GPR）的调节影响，我们研究了加密货币价格、加密货币挖矿的能源消耗以及由此产生的二氧化碳排放之间的相互联系。采用多变量分位数对分位数回归（MQQR），我们发现加密货币价格波动显著影响加密货币挖矿及其随之而来的环境影响，特别是在加密货币价格和GPR较高的分位数水平下。比特币定价对环境意识的影响可以在几个分位数上看到。我们加入了关于加密货币长期可行性的持续讨论。

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The effect of crypto price fluctuations on crypto mining, and CO2 emissions amid geopolitical risk

We examine the interlinkages between cryptocurrency prices, the energy consumption of crypto mining, and the resulting CO2 emissions, considering the conditioning impact of geopolitical risk (GPR). Employing multivariate quantile-on-quantile regression (MQQR), we find that cryptocurrency price fluctuations significantly impact both cryptocurrency mining and its attendant environmental impact, particularly at higher quantile levels of crypto prices and GPR. The effect of bitcoin pricing on environmental awareness is seen across several quantiles. We add to the continuing discussion regarding the long-term viability of cryptocurrencies.

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance