The 2018 SAM for Germany comprises of 160 accounts including 63 activities, 85 commodities, margins, labor, capital, household, government, social contributions, taxes on products, activity tax, direct tax, stock change, savings and investment and the rest of the world. It is entirely based on...

It has been established in the literature that volatility of stock returns exhibits complex properties of not only volatility clustering, but also long memory, regime change, and substantial outliers during turbulent and calm periods. Hence, this paper seeks to analyze volatility spillover,...