Gold and Silver. Volatility spillovers are bigger in size and affect most commodity returns. Both firstand second moment … financial assets, are sensitive to macro news (especially their volatility), and also suggest that the global financial crisis …

that divergence in monetary policy regimes affects forex volatility spillovers but that adding oil to a forex portfolio … shocks dominate forex volatility connectedness, positive shocks prevail when oil and forex markets are assessed jointly …

revenues when managed appropriately are a blessing, but their volatility (which in Iran is much higher than oil price … volatility) can have adverse effects on real output, through excessively high and persistent levels of inflation. Lack of … appropriate institutions and policy mechanisms which act as shock absorbers in the face of high levels of oil revenue volatility …

We study the efficacy of releases from the U.S. Strategic Petroleum Reserve (SPR) within the context of fully specified …