Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

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Macro Regulation and Fluctuation of Cryptocurrency Market: Evidence from China

Authors
Man Luo1, *
1School of Economics and Finance, Nanjing Audit University, Nanjing,211800, China
*Corresponding author. Email: 181051322@stu.nau.cn
Corresponding Author
Man Luo
Available Online 26 March 2022.
DOI
10.2991/aebmr.k.220307.412How to use a DOI?
Keywords
GRACH models; cryptocurrency; Marco regulation
Abstract

As a new developing financial market, cryptocurrency market is deeply concerned by investors and governments all over the world. However, due to its price instability, encryption and decentralization, the supervision of cryptocurrency has become a difficulty in the development of today’s financial market. Different countries adopt different regulatory policies for cryptocurrency, and the regulatory attitude of various countries also affects the development of cryptocurrency market to a certain extent. Among them, China has a decisive influence in the cryptocurrency market with its huge number of cryptocurrency investors. In order to explore whether China’s macro regulatory policies will have a significant impact on the cryptocurrency market, this paper studies the impact of China’s macro regulatory policies on the volatility of the cryptocurrency market based on ARMA-GRACH model. Eventually, the results show that China’s macro regulatory policies have a significant impact on the price fluctuation of cryptocurrency in the short term, but this impact disappears in the long term. Governments are supposed to formulate relevant policies carefully to prevent systemic financial risks, and investors also need to take a correct attitude towards the fluctuation of cryptocurrency.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
26 March 2022
ISBN
978-94-6239-554-1
ISSN
2352-5428
DOI
10.2991/aebmr.k.220307.412How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

risenwbib
TY  - CONF
AU  - Man Luo
PY  - 2022
DA  - 2022/03/26
TI  - Macro Regulation and Fluctuation of Cryptocurrency Market: Evidence from China
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 2519
EP  - 2525
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.412
DO  - 10.2991/aebmr.k.220307.412
ID  - Luo2022
ER  -