This paper uses a novel variant of identification through hetroscedacity to estimate spillovers across U.S., Euro area … reverberate around the world much more strongly than shocks from other regions, including the Euro area, while inward spillovers … to the U.S. from elsewhere are minimal. There is also evidence of two-way spillovers between the UK and Euro area …

provide evidence of global spillovers of U.S. monetary policy. We find that lower U.S. interest rates lead to originations of …

In this paper, we document that US cross-listed firms experience negative return spillovers in the three-day event … to these adverse spillovers. Our evidence demonstrates that the mitigating power of external market monitors is …