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The Econometrics of Bayesian Graphical Models: A Review With Financial Application

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Figure

FIGURE 1Network model for returns on investment and style measurement.
FIGURE 2Network of hedge funds (HF), brokers (BR), banks (BK) and insurance (IN)between (a) 1994–2000 and (b) 2001–8, without self-loops.
TABLE 2Description of EURO STOXX 600 super-sectors.
FIGURE 3Dynamics of total connectedness index and network BIC scores over theperiod 2007–2014, obtained from a rolling estimation with a window size of 100 days.
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