/Dollar exchange rate return. In line with theory, the impact of spot market intervention is strikingly similar to that achieved …

significant detrimental volatility spillovers from the CDS market to the banks' equity prices, suggesting a credit shock …

data properties. In particular, it is shown that changes in the volatility of the shocks can be used for identification …

estimation windows. It develops theoretical results for random walks when their drift and/or volatility are subject to one or …

volatility of macroeconomic variables. Such identification approach allows us to simultaneously address two major questions in …

previous work to simultaneously include both leakage and volatility. Motivated by discussions on how to reform carbon markets …

contrast to standard portfolio theory for small exporters, is robust to a wide array of specifications and controls. Our …-run demand shocks. In this setup, the volatility of a firm's exports depends not only on the diversification of its destination … destinations makes the firm more likely to export occasionally to some markets, thereby raising volatility. These results cast …

offshoring plays for domestic volatility of employment. Offshoring is modeled as in Antràs & Helpman (2004), but we assume … has a pro-offshoring effect. And 2), under this same condition, offshoring increases volatility in domestic employment of … offshoring firms and the volatility of offshore employment of these same firms is larger than volatility of domestic employment …

prices react more to news in downturns than in upturns, implying higher volatility in downturns and negatively skewed returns …