The Effect of Policy Information on Vir-tual Currency Price Volatility--Take Bitcoin as An Example
Authors
JuLei Ba, Lin Chen, Ping Li, Qiang Li
Corresponding Author
JuLei Ba
Available Online November 2017.
- DOI
- 10.2991/wrarm-17.2017.7How to use a DOI?
- Keywords
- Bitcoin; Price volatility; Policy risk
- Abstract
With the development of Internet, virtual currency raises more and more concern. And Bitcoin is the most popular one among all kinds of virtual currencies. This paper pays attention to the price volatility of Bitcoin and studies the effect of policy information on Bitcoin price volatility through event study. The result shows that policy information will have a significant and continued effect on Bitcoin price volatility, revealing the policy risk of virtual currencies. Each country and region should take correct attitude to virtual currencies, the financial innovation on the Internet, and take it under supervision with normalization.
- Copyright
- © 2017, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - JuLei Ba AU - Lin Chen AU - Ping Li AU - Qiang Li PY - 2017/11 DA - 2017/11 TI - The Effect of Policy Information on Vir-tual Currency Price Volatility--Take Bitcoin as An Example BT - Proceedings of the Fifth Symposium of Risk Analysis and Risk Management in Western China (WRARM 2017) PB - Atlantis Press SP - 34 EP - 39 SN - 1951-6851 UR - https://doi.org/10.2991/wrarm-17.2017.7 DO - 10.2991/wrarm-17.2017.7 ID - Ba2017/11 ER -