This paper studies the dynamic change of volatility spillovers between several major international financial markets during the global COVID-19 pandemic using Diebold and Yilmaz's connectedness index. We found that the total volatility spillover in this March reached its highest level of recent...

Estimation of the covariance matrix of asset returns is crucial to portfolio construction. As suggested by economic theories, the correlation structure among assets differs between emerging markets and developed countries. It is therefore imperative to make rigorous statistical inference on...

Embracing globalisation and China's narrative -- From globalisation to re-globalisation -- Inclusive development and interconnection thinking -- The Belt and Road Initiative and global governance -- The Asian Infrastructure and Investment Bank pushes forward re-globalisation -- Digital economy...