This study is an endeavor to empirically examine the long run impact of financial globalization on output volatility in … emerged as a significant and positive long run determinant of output volatility, whereas insignificance of financial … empirical results appear to be strongly robust in terms of sign, significance and magnitude. To curtail Asia’s output volatility …

market (EM) countries by testing volatility spillovers of asset returns using a BEKK GARCH (1,1) model. The author modifies … the classical BEKK GARCH model in order to study the dynamics and origins of volatility spillovers. The study's empirical … results are threefold. First, volatility spillovers between the foreign exchange and stock markets are significant in most EM …