Bitcoin: A Regression Analysis of Cryptocurrency Influence on the Russian Economy

11 Pages Posted: 23 Apr 2016 Last revised: 4 Jan 2017

See all articles by Anna Loseva

Anna Loseva

Moscow State University, Faculty of Economics

Date Written: April 7, 2016

Abstract

The article examines the electronic payment system "Bitcoin" with the eponymous digital currency. The goal was to analyze the impact of this cryptocurrency on the Russian economy and determine the nature of this influence. Various models of regression were built and the most suitable of them were chosen. During the analysis of actual data the writer has come to the conclusion that at the moment bitcoins do not bear the negative impact on the Russian economy and, therefore, should not be banned.

Keywords: bitcoin, analysis, cryptocurrency, Russian economy, money supply, inflation, regression

JEL Classification: E44

Suggested Citation

Loseva, Anna, Bitcoin: A Regression Analysis of Cryptocurrency Influence on the Russian Economy (April 7, 2016). Available at SSRN: https://ssrn.com/abstract=2765198 or http://dx.doi.org/10.2139/ssrn.2765198

Anna Loseva (Contact Author)

Moscow State University, Faculty of Economics ( email )

1-46 Leninskiye Gory
Moscow
Russia

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