This paper analyzes volatility spillovers in multivariate GARCH-type models. We show that the cross-effects between the … conditional variances determine the persistence of the transmitted volatility innovations. In particular, the influence of a … foreign volatility innovation on a conditional variance is even more persistent than an own innovation unless this effect is …

millionfold trauma of the 20th century is still virulent / Holger Heide -- Europe and East Asia : holistic convergence or … fundamental skeptic? / Nam-Kook Kim -- Regional integration and income disparities : the lessons of Europe for East Asia / Woosik … and inclusiveness : unfolding regionalism in northeast Asia / Yongtao Liu -- Beyond the East Asian grand division …