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

页码：1695 / 1698

页数：4