Min Hu

TL;DR: The potential consequence of policy interventions, such as the US’ decision to implement a zero-percent interest rate and unlimited quantitative easing (QE), and how these policies may introduce further uncertainties into global financial markets are analyzed.

TL;DR: The empirical results reveal the fact that the macro influence on the realized volatility of commodities is time varying, and macroeconomic factors and geopolitical risks are more relevant to crude oil volatilities compare to the other two.

TL;DR: In this article , a static dependency network for a given set of variables using partial correlations was created to evaluate the centrality of the variables, and with-in system connections in a minimum spanning tree (MST), afterward, rolling window estimations are applied in both dependency and centrality networks for indicating time variations.

TL;DR: The dynamic results indicate that the risk spillover between Chinese and international crude oil futures presents obvious time-varying characteristics and has risen sharply since the beginning of 2020, induced by the COVID-19 pandemic.