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The forking effect

delete2025-12-08
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PRE
AI
F
Florentina Şoiman
M
Mathis Mourey *
J
Jean‐Guillaume Dumas
S
Sonia Jimenez-Garcès
DOI:10.1016/j.qref.2025.102090delete
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Abstract

Abstract

En 中文
• Introduces the novel concept of the forking effect in the cryptocurrency market, specifically analyzing its financial impact on Bitcoin. • Demonstrates that forking events do not significantly affect the parent coins returns, suggesting investor neutrality towards these technological changes. • Reveals that forking events lead to a substantial and sustained rise in parent coins volatility, with elevated levels persisting for three days post-event. • Finds that simultaneous forking events do not further increase parent coin’s volatility, indicating that the uncertainty from a single fork is not amplified by multiple forks on the same day.

Journal

T
The Quarterly Review of Economics and Finance
IF:
0
Papers:
51
Citations:
0

Organization

U
univ. grenoble alpes, grenoble inp, cerag
Scholars:
3
Papers: 1
Citations: 0
U
univ. grenoble alpes
Scholars:
147
Papers: 58
Citations: 0
Cited Papers

Cited Papers

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Blockchains, Coordination, and Forks
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errBruno Biais; Christophe Bisière; Matthieu Bouvard; Catherine Casamatta
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Cyber-attacks, spillovers and contagion in the cryptocurrency markets
err2021-09-01
err47
errOAAI
errCaporale, Guglielmo Maria; Kang, Woo-Young; Spagnolo, Fabio; Spagnolo, Nicola
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