The empirical literature examines the effect of exchange rate on energy demand. However, the existing literature fails to investigate the effect during different states of energy demand, that is, when energy demand is relatively high and when it is quite low. We extend the prior literature by...

We construct a sovereign default network by employing high-dimensional vector autoregressions obtained by analyzing connectedness in sovereign credit default swap markets. We develop four measures of centrality, namely, degree, betweenness, closeness, and eigenvector centralities, to detect...