论文标题
信息传输机制从现货速率市场到加密资产市场
Mechanism of information transmission from a spot rate market to crypto-asset markets
论文作者
论文摘要
我们应用了Svar-Lingam来说明现货汇率与三个加密资产汇率，比特币，以太坊和波纹之间的因果关系。值得注意的是，通过这种方法获得了因果秩序，即Eur_usd点率 - > Bitcoin->以太坊 - > ripple。所有瞬时效应都是强烈的。此外，值得注意的是，比特币可以以一天的时间滞后对EUR_USD的现货率产生积极影响。
We applied the SVAR-LiNGAM to illustrate the causal relationships between the spot exchange rate, and three crypto-asset exchange rates, Bitcoin, Ethereum, and Ripple. It was notable that the causal order, the EUR_USD spot rate->Bitcoin->Ethereum->Ripple, was obtained by this approach. All the instantaneous effects were strongly positive. Moreover, it was notable that Bitcoin can influence the EUR_USD spot rate positively with a one-day time lag.
