Financial regulations and price inconsistencies across bitcoin markets
Gina Pieters () and
Additional contact information
Sofia Vivanco: Trinity University
No 293, Globalization and Monetary Policy Institute Working Paper from Federal Reserve Bank of Dallas
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)
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 (3) Track citations by RSS feed
Downloads: (external link)
https://www.dallasfed.org/institute/~/media/docume ... papers/2016/0293.pdf Full text (application/pdf)
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)
Persistent link: https://EconPapers.repec.org/RePEc:fip:feddgw:293
Ordering information: This working paper can be ordered from
Access Statistics for this paper
More papers in Globalization and Monetary Policy Institute Working Paper from Federal Reserve Bank of Dallas Contact information at EDIRC.
Bibliographic data for series maintained by Amy Chapman ().