Fig. 4
Connectedness network in the time domain. Notes This figure presents the network of connectedness based on the DY12 method. Red (green) nodes illustrate the net transmitter (receiver) of shocks. Vertices are weighted by averaged net pair-wise directional connectedness measures. The size of nodes represents weighted average net total directional connectedness. The thickness of the edge (blue line) indicates the strength of connectedness, and the arrow of the edge expresses the direction of connectedness