The price and liquidity impact of China forbidding initial coin offerings on the cryptocurrency market

被引：14
|
作者：
Zhang, Sijia [1 ]
Gregoriou, Andros [1 ]
机构：
[1] Univ Brighton, Brighton Business Sch, Mithras House,Lewes Rd, Brighton BA2 4NT, E Sussex, England
来源：
APPLIED ECONOMICS LETTERS | 2020年 / 27卷 / 20期
关键词：
Cryptocurrency; liquidity; bid-ask spread; Amihud ratio; BITCOIN; FREQUENCY; ECONOMICS;
D O I：
10.1080/13504851.2020.1713979
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this article, we empirically examine the cryptocurrency market reaction to china prohibiting initial coin offerings, on the 4 September 2007 for the 100 largest cryptocurrencies. The announcement has a significant negative but temporary impact on cryptocurrency returns and liquidity.
引用
收藏
页码：1695 / 1698
页数：4
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