In this paper, we challenge the traditional assumption of a linear relationship between exchange rate volatility and … volatility positively and significantly influences economic growth when growth in government spending is below 6 percent. Above … this 6 percent threshold, volatility exerts an insignificant effect on economic growth. In light of the adoption of a free …

asset markets. Duration is affected by the presence of news particularly in the hour following the release of scheduled news …

We study the daily response of T-Bond yields to the news in a large set of macroeconomic releases over the sample … news consisting of the soft data, which have very short publication lags, and the most timely hard data, with the … that parameter instability in terms of absolute and relative size of yields response to news, as well as significance, is …

States, Estonia, Latvia and Lithuania. Paper [I] studies the impact of news from the Moscow and New York stock exchanges on … asymmetries in the conditional mean and variance functions. We find that news from New York has stronger effects on returns in … Tallinn. High-risk shocks in New York have a stronger impact on volatility in Tallinn, whereas volatility in Vilnius is more …