The price and liquidity impact of China forbidding initial coin offerings on the cryptocurrency market
@article{Zhang2020ThePA,
title={The price and liquidity impact of China forbidding initial coin offerings on the cryptocurrency market},
author={Sijia Zhang and Andros Gregoriou},
journal={Applied Economics Letters},
year={2020},
volume={27},
pages={1695 - 1698},
url={https://api.semanticscholar.org/CorpusID:214099348}
}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.
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