Work

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

Year: 2020

Type: article

Abstract: 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.

Source: Applied Economics Letters

DOI: 10.1080/13504851.2020.1713979

Authors: Sijia Zhang, Andros Gregoriou

Institution: University of Brighton

Language: English

Topic: Financial Markets and Investment Strategies

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W3000302616

FWCI: 4.676

Cites: 11

Cited by: 27

Related to: 10