This paper presented the empirical results of the volatility transmission of overnight rate along the yield curve in … case of Pakistan. The results indicate that the volatility transmission of overnight repo rate is higher at the shorter end … underpinning of the interest rates volatility transmission process found in other countries. Moreover, the results also suggest …

This paper constructs unbiased and model-free measures of daily and hourly volatility of the overnight interest rate … increases in volatility and the most notable variations of its intraday pattern occur at the end of the reserve maintenance … period and at the end of each quarter. The average effect on market volatility of Eurosystem money market operations and …

have the largest impact on the volatility of long-term interest rates. Long-term interest rates provide significant upward … the volatility of short-term interest rates. Inflation, peso-dollar exchange rate and non-performing loans significantly … drive the medium-term interest rates and shocks due to these are the largest source of volatility for medium-term interest …

of bankruptcies. In this framework, we find that stock market volatility may damage the real economy if the stock market … is too relevant. In particular, an increase of volatility worsens the economic performance through the stock market …

: (i) monetary volatility negatively affects long-run growth; (ii)the relation between nominal volatility and growth … increases the negative effect of nominal volatility on mean growth. …

terms. Then the efficacy of monetary policy is explicitly affected by the expected return and the volatility of the series …