The Volatility Forecasting Power of Financial Network Analysis

Figure 1

The resulting MSTs for three different periods. (a) Precrisis (January, February, and March 2008), (b) crisis (September, October, and November 2008), and (c) postcrisis (March, April, and May 2009). The color of the vertex represents different regions: blue: Asia, light blue: Latin America, light yellow: Europe, light Salmon: North America, and pink: Oceania.

(a)

(b)

(c)