This paper examines the dependence structure between European Union allowances (EUAs) and crude oil markets during the … different copula models, our findings suggest positive average dependence and extreme symmetric independence that is consistent …

, and are best described by the Survival Gumbel copulas. The empirical evidence also suggests that the lower tail dependence …We employ the time-varying copula approach to investigate the conditional dependence between the Brent crude oil price … dependence between the oil and the stock markets of the six CEE countries, which is indicative of a contagion between those …

dependence structure between the crude oil and natural gas markets as well as to derive implications for portfolio risk … evidence of asymmetric dependence between the two markets. The crude oil and gas markets tend to comove closely together during …

We study systemic risk and dependence between oil and renewable energy markets using copulas to characterize the … dependence structure and to compute the conditional value-at-risk as a measure of systemic risk. We found significant time …-varying average and symmetric tail dependence between oil returns and several global and sectoral renewable energy indices. Our …

the general dependence between stock returns and oil price returns. Our findings suggest a weak dependence between oil … relatively strong dependence with the oil price series. The introduction of Euro in 1999 altered considerably dependence between …