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In this note we demonstrate that in affine models for bilateral exchange rates, the nature of return interdependence during crises depends on the tail properties of the fundamentals' distributions. We denote crisis linkages as either strong or weak, in the sense that the dependence remains or...
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structural network. Second, both the process of Europeanisation and the process of regionalisation have stimulated co …-operation among subnational actors. Third, the implementation of the project has exposed a multi-level policy network with the pivotal …
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importance of a multilayered network and pay equal attention to every layer of the transport network. The other issue that has … been criticised is the structure of the backbone network. While the development of the trans-European networks in western …. Even the backbone elements of the Transport Infrastructure Needs Assessment network, which enjoy priority today, still …
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