reverberate around the world much more strongly than shocks from other regions, including the Euro area, while inward spillovers …This paper uses a novel variant of identification through hetroscedacity to estimate spillovers across U.S., Euro area …, Japanese, and UK government bond and equity markets in a vector autoregression. The results suggest that U.S. financial shocks …

Since portfolio management relies on the association of portfolio diversification, analyzing the spillover between the … correlations with each other and/or the US market, global investors may benefit from diversification. This study examines the … diversification and risk management. The study calculates the effectiveness of hedging equities portfolios between markets, using the …

This paper examines mean and volatility spillovers between four green municipal bonds issued by the US states of … green bond returns and volatilities. On the whole, the evidence suggests weaker linkages, and thus a lower degree of … financial integration (and greater portfolio diversification opportunities), during the Covid-19 period, though this is likely …

diversification benefits for domestic and foreign investors in the U.S. …