Financial regulations and price inconsistencies across bitcoin markets

Gina Pieters and Sofia Vivanco

No 293, Globalization Institute Working Papers from Federal Reserve Bank of Dallas

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.

JEL-codes: G12 G14 K42 L86 (search for similar items in EconPapers)
Pages: 45 pages
Date: 2016-12-01
New Economics Papers: this item is included in nep-mkt and nep-pay
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

Downloads: (external link)
https://www.dallasfed.org/institute/~/media/docume ... papers/2016/0293.pdf Full text (application/pdf)

Related works:
Journal Article: Financial regulations and price inconsistencies across Bitcoin markets (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:feddgw:293

DOI: 10.24149/gwp293

Access Statistics for this paper

More papers in Globalization Institute Working Papers from Federal Reserve Bank of Dallas Contact information at EDIRC.
Bibliographic data for series maintained by Amy Chapman ().