Research on the Dependence Structure and Risk Spillover of Internet Money Funds Based on <i>C</i>-Vine Copula and Time-Varying <i>t</i>-Copula

<table class="table-group" id="tab12"><tr><td><table class="table"><tr><td class="thead-hr" colspan="7"><hr/></td></tr><tr class="thead"><td class="align_left">Correlation coefficient</td><td class="align_center">Mean value</td><td class="align_center">Standard deviation</td><td class="align_center">Maximum value</td><td class="align_center">Minimum value</td><td class="align_center">Percentage of positive correlation</td><td class="align_center">Percentage of negative correlation</td></tr><tr><td class="thead-hr" colspan="7"><hr/></td></tr><tr><td class="align_left">INTE-BANK</td><td class="align_center">0.0721</td><td class="align_center">0.08</td><td class="align_center">0.29</td><td class="align_center">−0.25</td><td class="align_center">73.5</td><td class="align_center">26.5</td></tr><tr><td class="align_left">INTE-FUND</td><td class="align_center">0.0513</td><td class="align_center">0.05</td><td class="align_center">0.26</td><td class="align_center">−0.22</td><td class="align_center">70.7</td><td class="align_center">29.3</td></tr><tr><td class="align_left">BANK-FUND</td><td class="align_center">0.0940</td><td class="align_center">0.00</td><td class="align_center">0.09</td><td class="align_center">0.09</td><td class="align_center">100</td><td class="align_center">0.00</td></tr><tr class="table-tr"><td colspan="7"><hr class="tbody-hr"/></td></tr></table></td></tr></table>

<div>Statistical characteristics of dynamic correlation coefficients of IMFs.</div>

Complexity

tab12

Table 12

Table 12: Research on the Dependence Structure and Risk Spillover of Internet Money Funds Based on <i>C</i>-Vine Copula and Time-Varying <i>t</i>-Copula 

Complexity

Research on the Dependence Structure and Risk Spillover of Internet Money Funds Based on C-Vine Copula and Time-Varying t-Copula

Table 12