As a financial innovation of the information age,cryptocurrency is a complex concept with clear advantages and disadvantages and is worthy of discussion.Exploring from a terrorism perspective,this study uses the time-...As a financial innovation of the information age,cryptocurrency is a complex concept with clear advantages and disadvantages and is worthy of discussion.Exploring from a terrorism perspective,this study uses the time-varying parameter/stochastic volatil-ity vector autoregression model to explore the risk hedging and terrorist financing capabilities of Bitcoin.Empirical results show that both terrorist incidents and brutality may explain Bitcoin price,but their effects are slightly different.Compared to terrorist brutality,terrorist incidents have a weaker impact on Bitcoin price,showing that Bitcoin investors are more concerned about the number of deaths than the frequency of ter-rorist attacks.In turn,the impact of Bitcoin price on terrorist attacks is negligible.Bitcoin is a potential means of financing terrorism,but it does not currently play an important role.Our research findings can help investors analyze and predict Bitcoin prices and help improve the theoretical system of anti-terrorist financing,helping to maintain world peace and security.展开更多
The Red Badge of Courage is a classic in American literature, which exerts a profound influence on war novels afterwards. Inthis novel, instead of depicting war as something heroic or glorious, Stephen Crane describe ...The Red Badge of Courage is a classic in American literature, which exerts a profound influence on war novels afterwards. Inthis novel, instead of depicting war as something heroic or glorious, Stephen Crane describe the war in an alarming way, thus uncoveringthe truth of war and highlighting its anti-war theme.展开更多
基金supported by Strategic Economy Interdisciplinarity(Beijing Universities Advanced Disciplines Initiative,No.GJJ2019163)CUFE Postgraduate students support program for the integration of research and teaching。
文摘As a financial innovation of the information age,cryptocurrency is a complex concept with clear advantages and disadvantages and is worthy of discussion.Exploring from a terrorism perspective,this study uses the time-varying parameter/stochastic volatil-ity vector autoregression model to explore the risk hedging and terrorist financing capabilities of Bitcoin.Empirical results show that both terrorist incidents and brutality may explain Bitcoin price,but their effects are slightly different.Compared to terrorist brutality,terrorist incidents have a weaker impact on Bitcoin price,showing that Bitcoin investors are more concerned about the number of deaths than the frequency of ter-rorist attacks.In turn,the impact of Bitcoin price on terrorist attacks is negligible.Bitcoin is a potential means of financing terrorism,but it does not currently play an important role.Our research findings can help investors analyze and predict Bitcoin prices and help improve the theoretical system of anti-terrorist financing,helping to maintain world peace and security.
文摘The Red Badge of Courage is a classic in American literature, which exerts a profound influence on war novels afterwards. Inthis novel, instead of depicting war as something heroic or glorious, Stephen Crane describe the war in an alarming way, thus uncoveringthe truth of war and highlighting its anti-war theme.
