Dynamic spillovers between the term structure of interest rates, bitcoin, and safe-haven currencies

Financial Innovation

Table 1 Descriptive statistics for the key variables

	Bitcoin	CAD	CHF	Euro	GBP	JPY	Level	Slope	Curvature
Mean	2925.6790	0.8499	1.0528	1.2143	1.4499	0.0099	3.5837	− 2.9394	− 2.5848
Median	564.6300	0.7921	1.0400	1.1787	1.4903	0.0093	3.2972	− 2.9578	− 1.7097
Maximum	18,944.8600	1.0601	1.3872	1.4830	1.7166	0.0132	6.7863	0.2069	1.0043
Minimum	0.2000	0.6859	0.9707	1.0388	1.1485	0.0080	0.9351	− 6.7422	− 8.6862
Std. Dev	4057.3760	0.1090	0.0512	0.1113	0.1504	0.0015	1.2458	1.7604	2.2239
Skewness	1.3181	0.4478	1.4832	0.4169	− 0.0711	0.9944	0.5190	− 0.1926	− 0.4778
Kurtosis	3.7336	1.5228	7.0233	1.8320	1.4597	2.6009	2.9062	2.0358	1.8961
Jarque–Bera	817.77	325.90	2728.71	224.92	261.31	449.35	118.61	117.74	232.82
Probability	0	0	0	0	0	0	0	0	0
Observations	2621	2621	2621	2621	2621	2621	2621	2621	2621

The table reports the descriptive statistics of the exchange rates of five major safe haven currencies (CAD = Canadian Dollar, CHF = Swiss Franc, GBP = Great British Pound, JPY = Japanese Yen) and Bitcoin as well as the three components of the US yield curve (Level, Slope and Curvature)