Date of Award
12-2021
Degree Type
Report
Degree Name
Master of Science (MS)
Department
Economics and Finance
Committee Chair(s)
Tyler Brough (Committee Chair)
Committee
Tyler Brough
Committee
Todd Griffith
Committee
Benjamin Blau
Abstract
In this paper, I examine the effect of the May 18th, 2021 Chinese ban of cryptocurrency transactions on the overall volatility of the cryptocurrency market. To do this, I analyze, in both univariate and multivariate settings, range-based volatility in various event windows surrounding the event. I find clear economic and statistical change in volatility in the five days after the ban. In the ten-day period after the ban, there is a moderate economic change in volatility. In the forty-day period after the ban, there is little economic change in volatility. I conclude that the Chinese ban had a clear short-term impact on the volatility of the cryptocurrency marketplace, but the effects wore off shortly thereafter.
Recommended Citation
Manwaring, Keaton, "The Volatility Implications of the Chinese Cryptocurrency Ban" (2021). All Graduate Plan B and other Reports, Spring 1920 to Spring 2023. 1591.
https://digitalcommons.usu.edu/gradreports/1591
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