The present study aims to investigate the volatility spillover effects in the international financial markets before and during the Russia-Ukraine conflict. The subject of this paper is the study of the influence of the recent war between Russia and Ukraine on the transmission of volatility...

The news about the economy contained in a central bank announcement can affect public expectations. This paper shows, using both event studies and vector autoregressions, that such central bank information effects are an important channel of the transatlantic spillover of monetary policy. They...

We identify the effects of changes in financial intermediation, referred to as credit shocks, both from the demand side and the supply side, using a structural GVAR. We gain insights into the contribution of these shocks to the real economy, in particular their impact on lending to non/financial...