. Transmission of shocks between cryptocurrencies and traditional asset classes is, however, not understood at all, but should not be … ignored due to increasing influence of cryptocurrencies in recent years. In this paper, we study how shocks between the most … cryptocurrencies are being transmitted. Generally, we document very low level of connectedness between the main cryptocurrency and …

. Transmission of shocks between cryptocurrencies and traditional asset classes is, however, not understood at all, but should not be … ignored due to increasing influence of cryptocurrencies in recent years. In this paper, we study how shocks between the most … cryptocurrencies are being transmitted. Generally, we document very low level of connectedness between the main cryptocurrency and …

, OECD and U.S. oil and petroleum inventories and consumption, and historical and implied volatility. When we model the … are modelled separately, we find that shocks to OECD petroleum consumption directly widen negative spreads. Further …