Tail Dependency and Risk Spillover between Oil Market and Chinese Sectoral Stock Markets—An Assessment of the 2013 Refined Oil Pricing Reform
The Chinese refined oil pricing reform in 2013 has brought its refined oil price to be more aligned with the international oil price, helping to mitigate prior distorted pricing mechanisms. Its impact on the correlation, tail risks, and spillover effects between the international crude oil market an...
Main Authors: | Jiliang Sheng, Juchao Li, Jun Yang |
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Format: | Article |
Language: | English |
Published: |
MDPI AG
2022-08-01
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Series: | Energies |
Subjects: | |
Online Access: | https://www.mdpi.com/1996-1073/15/16/6070 |
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