Cross-Correlations between Energy and Emissions Markets: New Evidence from Fractal and Multifractal Analysis
Figure 9
Multifractal spectra between energy and emissions markets. (a), (b), and (c) exhibit the multifractal relationships between the multifractal spectrum () and the singularity strength for oil and gas, oil and , and gas and , respectively. In each panel, it also shows the relationship between () and for the corresponding individual market.
