. Tri-variate VAR GARCH(1,1)-in-mean models are estimated for 41 emerging market economies (EMEs) in Asia, Europe, Latin … crossmarket linkages varies across countries and regions. While spillovers in mean returns dominate in emerging Asia and Latin … dominating in Asia, and regional spillovers in Latin America and the Middle East …

emerging Asia there is more regional than global integration, and that the former has become even stronger in the post-2008 …

America, Asia and MENA). It covers the period 1979-2004, and carries out “second-generation” tests for non-stationary panels …

Russia. The adopted framework allows to analyse interdependence by estimating volatility spillovers, and also contagion by … evidence on possible changes in the transmission mechanism (namely, on whether there is contagion) can be obtained by examining … spillovers between the three CEECs considered and the UK (contagion) …

This paper examines global and regional stock market integration in Asia at both the aggregate and disaggregate …

large parts of the world. In this paper we explore the financial and the trade channel in a unified framework and quantify …

distinct impact of financial integration and globalization on several dimensions of real activity. We find that: financial … financial integration predict better growth prospects; both advances in financial integration and globalization are associated … financial integration and globalization indeed foster countries' growth, and there appears to be no trade-off between these …