Fig. 3
From: Dynamic spillovers between the term structure of interest rates, bitcoin, and safe-haven currencies
Net Dynamic Connectedness Measure of the System. a Exchange rates and components of the yield curve. b Volatility of the exchange rates and the components of the yield curve. Notes: The figures describe the dynamic net spillover between each variable and the whole system. Positive values indicate a variable X as a net transmitter, while negative values indicate a variable as a net receiver in the system. The top figure represents the spillover of the system of the yield curve components and the exchange rate of Bitcoin and the safe haven currencies. The bottom figure shows the spillover of the yield curve components and the volatility of Bitcoin and the safe haven currencies. The rest of notations as in Fig. 1