Dependence and Risk Spillover among Hedging Assets: Evidence from Bitcoin, Gold, and USD

Understanding the dependence and risk spillover among hedging assets is crucial for portfolio allocation and regulatory decision making. Using various copula and conditional Value-at-Risk (CoVaR) measures, this paper quantifies the dependence and risk spillover effects between three traditional and...

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Bibliographic Details
Main Authors: Jiang Yu, Yue Shang, Xiafei Li
Format: Article
Language:English
Published: Wiley 2021-01-01
Series:Discrete Dynamics in Nature and Society
Online Access:http://dx.doi.org/10.1155/2021/2010705
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