market performance through relevant policies including the enhancementof portfolio diversification and risk-hedging assets …

currency denomination and issuer-level risk factors. First, euro area investors exhibit a strong home currency bias that …, consistent with a broader risk appetite channel, we find flows to bonds with lower credit ratings and higher yield spreads are …

We study a segmented-markets setting in which self-fulfilling volatility can arise. The only requirements are (i) asset … valuation ratios stationary (e.g., cash flow growth rises when valuations rise). We prove that when self-fulfilling volatility … susceptible to self-fulfilling fluctuations. The tight theoretical connection between price volatility and arbitrage is detectable …

This paper investigates the volatility spillover dynamics between U.S. Bitcoin and financial markets from July 19, 2010 … to December 29, 2017. Diebold and Yilmaz (2012) volatility spillover index, Barunik, Kocenda, and Vacha (2017) Spillover … varying dynamics of volatility spillover among U.S. Bitcoin and financial markets. The findings of the study indicate the …

hypothesis using a global bond market dataset. Exchange rate volatility and financial account openness are thus able to explain …