Transactions in Theoretical and Mathematical Physics

Transactions in Theoretical and Mathematical Physics

Crypto-Fiat Exchange Rates Network as indicator of macroeconomic dynamics

Document Type : Original Article

Authors
Shahin Rouhani 1
Yaghub Shahmari 2
Hooman Zare 3
Hanie Hatami 1
1 Physics Department, Sharif University of Technology
2 Physics Department Sharif University of Technology
3 Department of Mathematical Sciences, Sharif University of Technology
10.30511/ttmp.2025.2053798.1048
Abstract
The relationship between cryptocurrencies and fiat currencies reflects
the dynamic connection between them, shaped by investors,
macroeconomic forces, regulatory frameworks etc. In this article, we
have shown how markets have evolved from a Bitcoin-centric ecosystem
to a more Interconnected network, reflecting broader changes in
the maturity of the financial system and geopolitical strategies
Keywords
Cryptocurrency
Market movements
graph theory
Random Matrix Theory
Subjects
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Transactions in Theoretical and Mathematical Physics
Volume 2, Issue 1
Winter 2025
Pages 37-53

  • Receive Date 18 February 2025
  • Revise Date 25 February 2025
  • Accept Date 27 February 2025
  • First Publish Date 27 February 2025
  • Publish Date 01 February 2025