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When market boundaries weaken: Network reconfiguration and regime-dependent cross-asset spillovers

Announce Type: new Abstract: Cryptocurrencies are increasingly adopted as investment assets, making their interactions with traditional financial markets central to cross-asset diversification and systemic risk. This paper studies the integration of cryptocurrencies, fiat currencies, and S&P500 equities using a balanced panel of 381 assets from October 2017 to February 2024.

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