Islamic cryptocurrency responses to FOMC announcements with the robust standard error regression
| Estimates | HelloGold | X8X | ||
|---|---|---|---|---|
| Model | (1) | (2) | (1) | (2) |
| β0 | −0.001881 (0.001599) | −0.006000 (0.013662) | 0.002176 (0.002685) | −0.025557** (0.011358) |
| β0,t,i | −0.001845 (0.008982) | 0.000597 (0.007570) | −0.014964 (0.022583) | −0.013668 (0.020147) |
| β1,t,i | 0.021536** (0.009240) | 0.022881** (0.009044) | −0.003848 (0.011690) | −0.003756 (0.012390) |
| β−1,t,i | 0.008084 (0.017298) | 0.009634 (0.017978) | 0.013085 (0.021394) | 0.013192 (0.021968) |
| β2,t,i | 0.015709 (0.018929) | 0.018221 (0.019184) | 0.014425 (0.024457) | 0.016346 (0.023899) |
| β−2,t,i | 0.005144 (0.029907) | 0.007166 (0.028611) | −0.013160 (0.029552) | −0.011016 (0.028094) |
| β3,t,i | 0.037011 (0.022748) | 0.039418* (0.023266) | −0.012934 (0.016275) | −0.010340 (0.017921) |
| β−3,t,i | 0.003866 (0.006212) | 0.005809 (0.007122) | 0.004207 (0.012032) | 0.004625 (0.013986) |
| VIX | −0.000304* (0.000156) | −0.000500* (0.000281) | ||
| EPU | 0.000041 (0.000047) | 0.000139** (0.000054) | ||
| Ω | 0.000001*** (0.000000) | 0.000001 (0.000000) | 0.000351 (0.000460) | 0.000338 (0.000422) |
| α0 | 0.000000 (0.000148) | 0.000000 (0.000142) | 0.116118 (0.077880) | 0.121855 (0.087107) |
| α1 | 0.999000*** (0.000274) | 0.999000 (0.000277) | 0.830517*** (0.128837) | 0.829837*** (0.122504) |
| Estimates | HelloGold | X8X | ||
|---|---|---|---|---|
| Model | (1) | (2) | (1) | (2) |
| −0.001881 (0.001599) | −0.006000 (0.013662) | 0.002176 (0.002685) | −0.025557** (0.011358) | |
| −0.001845 (0.008982) | 0.000597 (0.007570) | −0.014964 (0.022583) | −0.013668 (0.020147) | |
| 0.021536** (0.009240) | 0.022881** (0.009044) | −0.003848 (0.011690) | −0.003756 (0.012390) | |
| 0.008084 (0.017298) | 0.009634 (0.017978) | 0.013085 (0.021394) | 0.013192 (0.021968) | |
| 0.015709 (0.018929) | 0.018221 (0.019184) | 0.014425 (0.024457) | 0.016346 (0.023899) | |
| 0.005144 (0.029907) | 0.007166 (0.028611) | −0.013160 (0.029552) | −0.011016 (0.028094) | |
| 0.037011 (0.022748) | 0.039418* (0.023266) | −0.012934 (0.016275) | −0.010340 (0.017921) | |
| 0.003866 (0.006212) | 0.005809 (0.007122) | 0.004207 (0.012032) | 0.004625 (0.013986) | |
| VIX | −0.000304* (0.000156) | −0.000500* (0.000281) | ||
| EPU | 0.000041 (0.000047) | 0.000139** (0.000054) | ||
| 0.000001*** (0.000000) | 0.000001 (0.000000) | 0.000351 (0.000460) | 0.000338 (0.000422) | |
| 0.000000 (0.000148) | 0.000000 (0.000142) | 0.116118 (0.077880) | 0.121855 (0.087107) | |
| 0.999000*** (0.000274) | 0.999000 (0.000277) | 0.830517*** (0.128837) | 0.829837*** (0.122504) | |
Note(s): *, **, *** indicates significance at the 10%, 5% and 1% level; standard deviation values are between parenthesis
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