The heterogeneity of investor sentiment plays a key role in causing the asymmetry information transmission patterns and intensity between markets. This paper analyzes asymmetric risk spillover international crude oil market other markets, including commodity financial market, using monthly data from June 2006 to October 2020. is separated into upside downside risks. empirical results suggest th...

In order to challenge the existing literature that points detachment of Bitcoin from global financial system, we use daily data August 17, 2011–February 14, 2020 and apply a risk spillover approach based on expectiles. Results show reasonable evidence imply existence downside between four assets (equities, bonds, currencies, commodities), which seems be time dependent. Our main findings have im...

This paper estimates the impact of China’s exchange rate changes on exports of competitor countries in third markets, which we call the “spillover effect”. We use recent theory to develop an identification strategy in which competition between China and its developing country competitors in specific products and destinations plays a key role. We exploit the variation—afforded by disaggregated t...

Previous research has documented cross-sectional associations between negative and positive work-family spillover and physical health. Using an effort-recovery model, the study tested the hypothesis that engagement in greater leisure-time physical activity would facilitate recovery processes that buffer the negative health effects of increasing work-family spillover. Employed adults (N = 1,354)...

Traditional grazing grounds near Amboseli National Park (Kenya) are rapidly converted to cropland – a process that closes important wildlife corridors. We explore the scope for introducing a “payments for ecosystem services” scheme to compensate pastoralists for spillover benefits associated with forms of land use that are compatible with wildlife conservation. Our results indicate that such a ...

This paper investigates the interrelation and information flows between the Won–Dollar spot and offshore forward, i.e., NDF markets. In particular, this paper focuses on the impact of the reform in the Korean exchange rate systems, which occurred in December 1997 in response to the currency crisis, on the relation between the two markets. Using the augmented GARCH formulation, this paper finds ...