Interval Tests for Structural Breaks in the Dependence: Empirical Evidence of Oil and Gold Markets

摘要

1.Theory study2.Propose a new change interval test3.Empirical study4.Commodity properties are larger in economic boom period, and financial properties are larger in extreme risk period5.Exogenous economic shocks and the changes of internal mechanism may lead to structural changesOther Application6.Risk management7.Financial contagion