As the world's largest energy consumer, China seeks ways to optimize its energy structure. Using a sample of 30 Chinese provinces, this study develops an indicator system to measure provincial-level energy-structure optimization from 2004 to 2021. We also explore the spatial spillovers of green...

A structural model with stochastic volatility and jumps implies particular relationships between observed equity returns and credit spreads. This paper explores such effects in the credit default swap (CDS) market. We use a novel approach to identify the realized jumps of individual equity from...