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Monetary Policy Implications Of Cash, Other Money Supplies, And Cryptocurrencies In Singapore: A Growing Cashless Society., Sarah Kesler
Monetary Policy Implications Of Cash, Other Money Supplies, And Cryptocurrencies In Singapore: A Growing Cashless Society., Sarah Kesler
Undergraduate Theses and Capstone Projects
The country of Singapore has been a growing cashless society for years. Analyzing their money supplies relative to their gross domestic product and their consumer price index can give insight into how the central bank of Singapore are able to maintain control over their monetary policy. Using data from 1974 to the present, I tested the effect of physical cash and other money supplies on the economic and inflationary growth of this country. With this in mind, I expected to see a positive correlation between these money supplies, GDP, and inflation. However, what I found in my regression analysis was …
Returns To Buying Winners And Selling Losers: A Look At Cryptocurrencies, Daniel Walker
Returns To Buying Winners And Selling Losers: A Look At Cryptocurrencies, Daniel Walker
CMC Senior Theses
This paper is, to my knowledge, one of the first ever to examine the effectiveness of price momentum trading strategies applied to cryptocurrencies. Using aggregate OHLCV (Open, High, Low, Close, Volume) data on cryptocurrency pairs from Poloniex, Bittrex, and Bitfinex, I apply Jegadeesh and Titman’s classic -month/-month momentum trading strategy, reporting annual returns with and without incorporating trading fees. Portfolios are resampled daily, weekly, and monthly, testing lookback and holding periods ranging from one day to one year. The results show that trading cryptocurrencies using momentum strategies derives returns that rapidly increase the more often portfolios are resampled, with the …