Fig. 7
From: On the role of stablecoins in cryptoasset pricing dynamics
Impulse-response functions of market capitalizations for 2018–2020. Impulse response functions based on the Toda and Yamamoto (1995) specification VAR with 2 lags without a time trend are shown for the time horizon of 30 days (x-axes), with a standard deviation of the given series as a unit of measurement. The rest of the notation holds from Fig. 2