Dynamics of Foreign Exchange Networks: A Time-Varying Copula Approach

<table>The average path length (APL), mean occupation layer (MOL), and maximum degree kmax of MST of 42 currencies in the international FX market as functions of time. In each panel, the red solid line stands for the corresponding statistical average value over the time investigated.</table>

Discrete Dynamics in Nature and Society

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Figure 6

Figure 6: Dynamics of Foreign Exchange Networks: A Time-Varying Copula Approach 