countries (the US, UK, Euro Area and Japan) on developing economies (Brazil, China, India and Russia). First, we analyse the … basis points in the Euro Area and Japan). Next, using the National Institute’s global macroeconomic model NIGEM, we conduct … year period) by about 1¾ per cent in the US, 1½ per cent in the UK, ¾ per cent in the Euro Area and Japan, about 1 per cent …

the Euro (EUR) as the most significant transmitters of volatility. The findings reiterate the prominence of volatility …