Fig 3. Impulse response functions of market i volatility to CSI300 index volatility.
The figure presents the response of market i volatility (i = coa, cor, cop, gol, met, oil, soy, ste, sug) to CSI300 index volatility shocks. The sample runs from January 1, 2010 to March 22, 2021. The dotted lines are confidence bands based on Monte Carlo simulated standard errors.