This paper investigates the dynamic linkages in terms of the first and second moments between stock and bond returns … spillovers mostly run from stocks to bonds and exhibit a time-varying pattern over all three stages of the crisis in most … countries. Regarding the volatility spillovers, such spillovers from bond returns to those of stocks are stronger than the other …

realized defaults. Furthermore, it predicts future equity and corporate bond returns, even after controlling for many existing …

Purpose - The authors explore the relationship between the exchange rate, bond yield and the stock market as well as … the effect of capital market dynamics on the exchange rate before and during the COVID-19 pandemic. Design … the exchange rate, the 10-year bond yield and stock market, for the COVID-19 period, evidence of cointegration is present …

, cumulatively, due to low bond yields since the onset of the Euro crisis. In order to determine the contribution of the "flight to … quality" to this sum, we define the flight to quality as a factor which has caused German bond yields and crisis country bond …