Abstract

https://ssrn.com/abstract=2896643
 


 



Financial Regulations and Price Inconsistencies Across Bitcoin Markets


Gina C. Pieters


Trinity University - Department of Economics

Sofia Vivanco


Trinity University

2016-12-01

Globalization and Monetary Policy Institute Working Paper No. 293

Abstract:     
We document systematic differences in bitcoin prices across 11 different markets representing 26% of global bitcoin trade volume. These differences must — due to the identical nature of all bitcoin — result from characteristics of markets themselves. We examine differences across the markets and find that those which do not require customer identification for establishing an account are more likely to deviate from representative market prices than those which do. This implies that standard financial regulations, specifically know-your-customer regulations, can have a non-negligible impact on the bitcoin market.

Number of Pages in PDF File: 45

JEL Classification: G12, G14, K42, L86


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Date posted: January 11, 2017  

Suggested Citation

Pieters, Gina C. and Vivanco, Sofia, Financial Regulations and Price Inconsistencies Across Bitcoin Markets (2016-12-01). Globalization and Monetary Policy Institute Working Paper No. 293. Available at SSRN: https://ssrn.com/abstract=2896643

Contact Information

Gina C. Pieters (Contact Author)
Trinity University - Department of Economics ( email )
San Antonio, TX 78212
United States
Sofia Vivanco
Trinity University ( email )
San Antonio, TX 78212
United States
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