.... This empirical research aims at studying the dependence among stock markets before and after unlimited QE announcements. Design/methodology/approach The copula-based GARCH (1,1) and minimum spanning tree models are used in this study to analyze 14 series of stock market data, on 6 ASEAN and 8 other countries...

... will also be provided at the end of this work. In this section, we will provide an overview on concepts and terminologies used throughout this work, focusing on subcopula estimations. First, recall that a copula is simply the restriction of a distribution functions with uniform marginals...