Fig. 3: Static information spillover network.
From: Dynamic information spillover between Chinese carbon and stock markets under extreme weather shocks
a displays the network diagrams of the net pairwise return spillovers among the markets. b displays the network diagrams of the net pairwise extreme risk spillovers among the markets. Nodes represent different markets, red, blue and green nodes denote the industries in high-, medium- and low-polluting sectors respectively, and yellow nodes denote the three carbon markets. Arrow represents the direction of net pairwise return spillover. We filter out the edge with the net pairwise spillovers less than 1.
