Chang, Chia-Lin; McAleer, Michael; Wang, Yanghuiting - 2016 - Revised: June, 2016
There is substantial empirical evidence that energy and financial markets are closely connected. As one of the most … widely-used energy resources worldwide, natural gas has a large daily trading volume. In order to hedge the risk of natural …, biological or financial asset. Investigating volatility spillovers within and across energy and financial markets is a crucial …