id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
fueconorg-4398	Janković, Irena	THE EFFECTS OF VOLATILITY SPILLOVER ON THE LARGEST GLOBAL FINANCIAL MARKET SEGMENTS	2019	11	.pdf	application/pdf	3513	193	53	Table 1 Comparative analysis of volatility spillover for main global market segments Min Max Average Stock market 41.26 80.98 62.76 Bond market 33.96 77.05 60.21 FX market 32.33 73.46 56.20 CDS market 57.75 89.88 75.22 Source: Author’s calculation based on data from Diebold-Yilmaz database, http://financialconnectedness.org/research.html When referring to the dataset indicating volatility shock spillover from all other markets to a particular market, the countries whose markets receive most volatility shocks from others in times of distress include France, the Netherlands, Germany, Belgium, Italy, the UK, and Spain, followed by other developed and more open countries in economic and financial terms. Total volatility spillover measure Total volatility spillover index is based on volatility contributions from the KPPS variance decomposition: (3) This index measures the contribution of volatility shock spillovers across asset classes to the total forecast error variance (Diebold & Yilmaz, 2012, p.59). 3.3.	cache/fueconorg-4398.pdf	txt/fueconorg-4398.txt