study, we use a newly introduced spillover index to examine dynamic spillovers between spot and futures market volatility …, volume of futures trading and open interest in the UK and the US. Based on a dataset over the period February 25, 2008 to … futures volatilities in the UK (US) are net receivers (net transmitters) of shocks to volume of futures trading and open …

infrastructure led economic growth”. Finance is found to be a leading sector only in the short-term link in Granger causality tests …

best. VaR analysis and probability distribution modeling allows for this paper to demonstrate how to best model the results …