integration of European Government bond markets. We adopt the CAPM-based model of Bekaert and Harvey (1995) to compare, from the … beginning of Monetary Union until June 2008, the differences in the relative importance of two sources of systemic risk (world … markets was important. The markets of the countries that share a monetary policy are less vulnerable to the influence of world …

matches played during stock market trading hours at the three editions of the FIFA World Cup between 2010 and 2018. Using …

being particularly strong. US spillovers are consistent with global CAPM intuition whereas euro area spillovers are larger …

pricing perspective, we find little to no evidence against the World CAPM model, where the market consists out of equity …

with those of the rest of the world. We analyse the relative importance of US, country-specific, and global variables as …. Global and national risk indicators perform better in explaining "rest of the world" flows. Moreover, we find that the … correlation between US and rest of the world flows peaks in periods of elevated uncertainty. We interpret our findings as evidence …