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}
}
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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