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

Sijia Zhang, Andros Gregoriou

Research output: Contribution to journalArticle

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.

Original languageEnglish
JournalApplied Economics Letters
DOIs
Publication statusPublished - 10 Jan 2020

Bibliographical note

This is an Accepted Manuscript of an article published by Taylor & Francis in Applied Economics Letters on 10/1/2020, available online: http://www.tandfonline.com/10.1080/13504851.2020.1713979

Keywords

  • Cryptocurrency
  • liquidity
  • bid-ask spread
  • Amihud ratio

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