主题 Topic： Altcoins as Alternatives for What?
时间Time：4月22号（周五）｜ April 22nd (Friday), 10:10 – 11:30 am
地点Venue：文波楼208室｜Room 208 , WENBO
主讲人Speaker：Tetsuya Saito，日本大学经济学院副教授 (College of Economics, Nihon University), 2011年获美国纽约州立大学布法罗分校(SUNY at Buffalo)经济学博士学位;2011年到2012年期间曾任美国里海大学(Lehigh University)担任访问助理教授。他的论文已发表在Journal of Policy Modeling, Handbook ofDigital Currency, International Journal of Innovation in the Digital Economy等世界知名经济期刊上。
研究领域: 货币经济学，应用计量经济学，国际经济学，实验经济学
Dr. Tetsuya Saito is an associate professor of College of Economics,Nihon University. Dr. Saito earns his PhD degree in Economics at SUNY atBuffalo, USA, in 2011, and was a visiting assistant professor in LehighUniversity, USA during 2011 and 2012. He has published several academic papersin Journal of Policy Modeling，Handbook ofDigital Currency, International Journal of Innovation in the Digital Economy,etc.
Research Area: Monetary Economics, Applied Econometrics, International Economics, ExperimentalEconomics
Abstract:
This paper uses a time-seriesdata for 359 alt coins between October 29, 2015 and December 24, 2015 to seecorrelations among these altcoins and Bitcoin (BTC), Euro (EUR), Japanese Yen(JPY), and Chinese Yuan (CNY). We find that altcoins of larger marketcapitalization are positively correlated with EUR and negatively with CNY. Onthe other hand, we also find that altcoins of smaller market capitalization arenegatively correlated with BTC. These results suggest that minor coins are thesubstitute for BTC while others are the complement of EUR and the substitutefor CNY.
