Mutual Information Based Analysis for the Distribution of Financial Contagion in Stock Markets

Figure 8

The MaxSTs for the contagion distribution in different windows. (a) The MaxST for the 5th window. (b) The MaxST for the 15th window. (c) The MaxST for the 25th window. (d) The MaxST for the 35th window. Asian and Oceanian markets are shown as yellow circles. European markets are shown as blue triangles. American markets are shown as red squares.

(a)

(b)

(c)

(d)