및 동시확대국면 지속기간을 분석하였다. 분석결과 상대적으로 안정적으로 평가받는 미국 등 최선진국 채권시장에서도 역시 변동성(volatility clustering)이 존재하고 분석대상 채권시장 상호 간에 서로 영향을 …English Abstract: This paper highlights the dynamics of volatility among international bond markets, Especially … focusing on the developed countries, we analyze the regime shifts in volatility between mutual bond markets, along with the …

volatility spill-overs in the first and third sub-sample period since those periods have the least exchange rate flexibility …. However, this paper found that there is a strong evidence of return and volatility spill-overs in the second and fourth sub … degree of limit of daily fluctuations of RMB exchange rates. There is also more strong evidence of return and volatility …

return and its' volatility of exchange rate, bond price, and stock price. We use monthly data and estimate 3-variables GARCH … model. The empirical results show that the change in USA financial conditions has an negative impact on the returns of … foreign exchange and stock while it does not affect bond's return. The volatility of the return of all three financial …