Volatility spillover effects in leading cryptocurrencies: A BEKK-MGARCH analysis

Through the application of three pair-wise bivariate BEKK models, this paper examines the conditional volatility dynamics along with interlinkages and conditional correlations between three pairs of cryptocurrencies, namely Bitcoin-Ether, Bitcoin-Litecoin, and Ether-Litecoin. While cryptocurrency price volatility is found to be dependent on its own past shocks and past volatility, we find evidence of bi-directional shock transmission effects between Bitcoin and both Ether and Litecoin, and uni-directional shock spillovers from Ether to Litecoin. Finally, we identify bi-directional volatility spillover effects between all the three pairs and provide evidence that time-varying conditional correlations exist and are mostly positive

The Universality of the Fundamental Plane of E and S0 Galaxies. Spectroscopic data

We present here central velocity dispersion measurements for 325 early-type galaxies in eight clusters and groups of galaxies, including new observations for 212 galaxies. The clusters and groups are the A262, A1367, Coma (A1656), A2634, Cancer and Pegasus clusters, and the NGC 383 and NGC 507 groups. The new measurements were derived from medium dispersion spectra, that cover 600 A centered on the Mg Ib triplet at lambda ~ 5175. Velocity dispersions were measured using the Tonry & Davis cross-correlation method, with a typical accuracy of 6%. A detailed comparison with other data sources is made.Comment: 12 pages, 5 tables, 3 figures, to appear in AJ. Note that tables 2 and 3 are in separate files, as they should be printed in landscape forma

Remote sensing and geologic studies of the terrain northwest of Humorum basin

A portion of the highlands terrain northwest of the Humorum basin, a large multiringed impact structure on the southwestern portion of the lunar nearside, exhibits anomalous characteristics in several remote sensing data sets. A variety of remote sensing studies of the terrain northwest of Humorum basin were performed in order to determine the composition and origin of the anomalous unit as well as the composition of the highland material exposed by the Humorum impact event. It was found that at least a portion of the mare-bounding ring of Humorum is composed of pure anorthosite. Other details of the study are reported

Preliminary results of spectral reflectance studies of tycho crater

The preliminary analysis and interpretation of near infrared spectra obtained for both the interior and exterior deposits associated with the Tycho crater is presented. Specific objectives were: (1) to determine the composition and stratigraphy of the highland crust in the Tycho target site; (2) to determine the likely composition of the primary ejecta which may be present in ray deposits; (3) to investigate the nature of spectral units defined in previous studies; (4) to further investigate the nature and origin of both the bright and dark haloes around the rim crest; and (5) to compare the compositions determined for the Tycho units with those of the Aristarchus crater as well as typical highland deposits. The spectra obtained for the interior areas exhibit similar spectral features. These include relatively strong 1 micron absorption bands whose minima are centered between 0.97 and 0.99 microns and shallow to intermediate continuum slopes. The spectra generally exhibit indications of a 1.3 micron feature consistent with the presence of Fe(2+) bearing plagioclase feldspar. The strong 1 micron absorption features indicate a dominant high Ca clinopyroxene component. Results obtained from the ejecta deposits show that the spectrum of the inner, bright halo is almost identical with those obtained for interior units. The spectrum of the dark halo exhibits a wide, relatively shallow absorption feature centered at 1.01 microns, a 1.3 micron absorption, and a steep continuum slope. This spectrum is interpreted as indicating the presence of pyroxene, Fe-bearing feldspar, and a significant component of Fe-bearing impact melt glass. Finally, the spectra of spots inside Tycho show similarity with certain spectra for Aristarchus. However, the suite of spectra obtained for Tycho exhibits a different trend in terms of band center versus width

Remote sensing and geologic studies of the orientale basin region

Both visual and near-infrared spectral observations are combined with multispectral imaging to study the Orientale interior and exterior, the Cruger region, Grimaldi Region, the Schiller-Schickard Region, and the Humorum Region of the Moon. It was concluded that anorthosites occur in the Inner Rook Mountains of Orientale, the inner ring of Grimaldi, and the main ring of Humorum. Imaging spectroscopy shows that the entire eastern Inner Rook Mountains are composed of anorthosites. Orientale ejecta are strikingly like the surface materials in the region where Apollo 16 landed. This similarity indicates similar mineralogy, i.e., noritic anorthosite. Thus, Orientile ejecta is more mafic than the Inner Rook Mountains. This situation is also true for the Nectaris, Humorum, and Gramaldi basins. Isolated areas of the Orientale region show the presence of gabbroic rocks, but, in general, Orientale ejecta are noritic anorthosites, which contain much more low-Ca pyroxene than high-Ca pyroxene. Ancient (pre-Orientale) mare volcanism apparently occurred in several areas of the western limb

A Cepheid Distance to NGC 4603 in Centaurus

In an attempt to use Cepheid variables to determine the distance to the Centaurus cluster, we have obtained images of NGC 4603 with the Hubble Space Telescope on 9 epochs using WFPC2 and the F555W and F814W filters. This galaxy has been suggested to lie within the ``Cen30'' portion of the cluster and is the most distant object for which this method has been attempted. Previous distance estimates for Cen30 have varied significantly and some have presented disagreements with the peculiar velocity predicted from redshift surveys, motivating this investigation. Using our observations, we have found 61 candidate Cepheid variable stars; however, a significant fraction of these candidates are likely to be nonvariable stars whose magnitude measurement errors happen to fit a Cepheid light curve of significant amplitude for some choice of period and phase. Through a maximum likelihood technique, we determine that we have observed 43 +/- 7 real Cepheids and that NGC 4603 has a distance modulus of 32.61 +0.11/-0.10 (random, 1 sigma) +0.24/-0.25 (systematic, adding in quadrature), corresponding to a distance of 33.3 Mpc. This is consistent with a number of recent estimates of the distance to NGC 4603 or Cen30 and implies a small peculiar velocity consistent with predictions from the IRAS 1.2 Jy redshift survey if the galaxy lies in the foreground of the cluster.Comment: Accepted for publication in the Astrophysical Journal. 17 pages with 17 embedded figures and 3 tables using emulateapj.sty. Additional figures and images may be obtained from http://astro.berkeley.edu/~marc/n4603

A Spectral Survey of the Crisium Basin Region of the Moon

The Crisium basin region harbors a number of interesting features, including geochemical and radar anomalies, light plains units and possible hidden mare deposits (cryptomaria). This report presents preliminary results of a telescopic near-infrared spectral study concerning a variety of surface units in the Crisium region. Observations were made of Mare Crisium, light plains deposits north of Taruntius crater, and the terra associated with the Crisium basin

The Fundamental Plane in RX J0142.0+2131: a galaxy cluster merger at z=0.28

We present the Fundamental Plane (FP) in the z = 0.28 cluster of galaxies RX J0142.0+2131. There is no evidence for a difference in the slope of the FP when compared with the Coma cluster, although the internal scatter is larger. On average, stellar populations in RX J0142.0+2131 have rest-frame V-band mass-to-light ratios (M/L_V) 0.29+-0.03 dex lower than in Coma. This is significantly lower than expected for a passively-evolving cluster formed at z_f=2. Lenticular galaxies have lower average M/L_V and a distribution of M/L_V with larger scatter than ellipticals. Lower mass-to-light ratios are not due to recent star formation: our previous spectroscopic observations of RX J0142.0+2131 E/S0 galaxies showed no evidence for significant star-formation within the past ~4 Gyr. However, cluster members have enhanced alpha-element abundance ratios, which may act to decrease M/L_V. The increased scatter in the RX J0142.0+2131 FP reflects a large scatter in M/L_V implying that galaxies have undergone bursts of star formation over a range of epochs. The seven easternmost cluster galaxies, including the second brightest member, have M/L_V consistent with passive evolution and z_f = 2. We speculate that RX J0142.0+2131 is a cluster-cluster merger where the galaxies to the east are yet to fall into the main cluster body or have not experienced star formation as a result of the merger.Comment: 4 pages, 2 figures, accepted for publication in ApJ Letter

The Evolution of Early-Type Galaxies in Distant Clusters III.: M/L_V Ratios in the z=0.33 Cluster CL1358+62

Keck spectroscopy and Hubble Space Telescope WFPC2 imaging over a 1.5x1.5 Mpc field of CL1358+62 at z=0.33 are used to study the Fundamental Plane of galaxies based on a new, large sample of 53 galaxies. First, we have constructed the Fundamental Plane for the 30 E and S0 galaxies and find that it has the following shape: r_e = sigma**(1.31+-0.13) * _e**(-0.86+-0.10), similar to that found locally. The 1-sigma intrinsic scatter about this plane is 14% in M/L(V), comparable to that observed in Coma. We conclude that these E and S0 galaxies are structurally mature and homogeneous, like those observed in nearby clusters. The M/L(V) ratios of these early-type galaxies are offset from the Coma Fundamental Plane by delta log M/L(V) = -0.13+- 0.03 (q0=0.1), indicative of mild luminosity evolution. This evolution suggests a formation epoch for the stars of z > 1. We have also analyzed the M/L(V) ratios of galaxies of type S0/a and later. These early-type spirals follow a different plane from the E and S0 galaxies, with a scatter that is twice as large as the scatter for the E/S0s. The difference in the tilt between the plane of the spirals and the plane of the E/S0s is shown to be due to a systematic correlation of velocity dispersion with residual from the plane of the early-type galaxies. These residuals also correlate with the residuals from the Color-Magnitude relation. Thus for spirals in clusters, we see a systematic variation in the luminosity-weighted mean properties of the stellar populations with central velocity dispersion. If this is a relative age trend, then luminosity-weighted age is positively correlated with dispersion. [abridged version]Comment: 18 pages, 8 figures; revised version, accepted by ApJ on 13 August 199

The Fundamental Plane at z=1.27: First Calibration of the Mass Scale of Red Galaxies at Redshifts z>1

We present results on the Fundamental Plane (FP) of early-type galaxies in the cluster RDCS J0848+4453 at z=1.27. Internal velocity dispersions of three K-selected early-type galaxies are determined from deep Keck spectra. Structural parameters are determined from HST NICMOS images. The galaxies show substantial offsets from the FP of the nearby Coma cluster, as expected from passive evolution of their stellar populations. The offsets from the FP can be expressed as offsets in M/L ratio. The M/L ratios of the two most massive galaxies are consistent with an extrapolation of results obtained at z=0.02-0.83. The evolution of early-type galaxies with masses >10^11 M_sun is well described by ln M/L(B) = (-1.06 +- 0.09) z, corresponding to passive evolution of -1.50 +- 0.13 mag at z=1.3. Ignoring selection effects, the best fitting stellar formation redshift is z*=2.6, corresponding to a luminosity weighted age at the epoch of observation of ~2 Gyr. The M/L ratios of these two galaxies are also in excellent agreement with predictions from models that include progenitor bias. The third galaxy is a factor ~10 less massive than the other two, shows strong Balmer absorption lines in its spectrum, and is offset from the Coma Fundamental Plane by 2.9 mag in rest-frame B. Despite their large range in M/L ratios, all three galaxies fall in the ``Extremely Red Object'' (ERO) class with I-H>3 and R-K>5, and our results show that it is hazardous to use simple models for converting luminosity to mass for these objects. Measurements of M/L ratios at high redshift can be considered first steps to empirically disentangle luminosity and mass evolution at the high mass end of the galaxy population, lifting an important degeneracy in the interpretation of evolution of the luminosity function. [SHORTENED]Comment: Accepted for publication in the Astrophysical Journa