Dynamic Cross-Market Volatility Spillover Based on MSV Model: Evidence from Bitcoin, Gold, Crude Oil, and Stock Markets

Table 2

The simulation results of posterior parameters of bitcoin and Dow Jones.

Node	Mean	SD	MC error	2.50%	5.00%	10.00%	Median	97.50%	Start	Sample
	2.497	0.1674	0.002905	2.17	2.226	2.288	2.496	2.83	10000	100001
	−0.2231	0.3739	0.007361	−1.028	−0.8612	−0.6923	−0.2049	0.4772	10000	100001
	0.6768	0.08706	0.003041	0.4844	0.5195	0.5597	0.6857	0.8222	10000	100001
	0.02731	0.0439	0.000828	−0.05429	−0.04121	−0.02648	0.02541	0.1199	10000	100001
	0.9614	0.01504	0.000425	0.9282	0.9344	0.9414	0.9627	0.987	10000	100001
	0.01894	0.01935	0.000468	−0.01839	−0.0122	−0.005343	0.01875	0.05812	10000	100001
	0.9708	0.1393	0.00529	0.7099	0.749	0.7926	0.9679	1.25	10000	100001
	0.3275	0.04926	0.002138	0.2412	0.253	0.2672	0.3236	0.4319	10000	100001