Multiscale Systemic Risk and Its Spillover Effects in the copyright Market

Multiscale Systemic Risk and Its Spillover Effects in the copyright Market

Blog Article

Since the advent of Bitcoin, the copyright market has become an important financial market.However, due to the existence of the copyright bubble, investors face more difficulties in risk portfolios.We adopt wavelet packet decomposition, nonlinear Granger causality test, risk spillover network, and STVAR model; retain the mature research of multiscale systemic risk based on time Beans and frequency; and thus extend systemic risk to different regimes.We found that when frequency is combined with regimes, the risk spillover center will undergo subversive changes in the long run.

We also proposed that BTC will be more robust at extreme values (like longest and shortest periods), while cryptocurrencies with smaller market capitalization will be stronger in the medium term.At the same time, the recession period Vegetable / Fruit Cutter Parts will also spur on it.