Fig. 1From: Dynamic connectedness and hedging opportunities of the commodity and stock markets in China: evidence from the TVP-VAR and cDCC-FIAPARCHGraphs of CSI300, copper, gold, soybean, and PTA returns. Note: the shaded areas are drawn to highlight the periods of excessive volatility by using Markov-switching dynamic regression (MS-DR) (Kumar et al. 2019)Back to article page