Tail Risk Connectedness and Systemic Volatility in the Cryptocurrency Market: Evidence from a Value-at-Risk Framework

This file provides the replication data and code for the study titled “Tail Risk Connectedness and Systemic Volatility in the Cryptocurrency Market: Evidence from a Value-at-Risk Framework.” It enables full reproduction of the empirical results reported in the paper.

本文件为题为《加密货币市场尾部风险连通性与系统性波动率：基于风险价值（Value-at-Risk）框架的实证证据》的研究提供复现数据与代码，可完整复现论文中报告的全部实证结果。