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Results for the pre-crisis period show a lack of risk spillovers between global oil and the Jordanian stock market.
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These findings have implications for the design of appropriate asset allocation and regulatory policies to manage risk spillover effects.
After the crisis, however, we find evidence for one-way risk spillover running from the oil market.
Within the new developed causality-in-variance approach, this paper builds up a broad methodological framework to more accurately capture the risk spillover effects between global oil prices and Jordanian stock market returns during the period 1 March 2003 31 January 2014.
The longer the war persists, the more risk of spillover into Lebanon, Iraq and Jordan.
He has stayed away from the Syrian civil war, despite the risk of spillover – directly or via Lebanon.
As long as the conflict continues, the strategic Bab al-Mandab strait appears set to be mired in conflict; Yemen's Gulf neighbours remain at risk of spillover.
Saudi Arabia, which had a restive Shiʿite population in its eastern province, saw a risk of spillover from Bahrain's Shiʿite majority if protests there succeeded.
The IMF's managing director, Christine Lagarde, said there were risks of "spillovers" into volatile financial markets from central banks in the US and the UK increasing the cost of credit.
The Syrian civil war means that Russia's interests in that country have decreasing value, while the rise of jihadist groups increases the risk of spillover in the Islamic regions of Russia.
The Suruc attack comes weeks after Turkey deployed additional troops and equipment along parts of its border with Syria, concerned about the risk of spillover as fighting between Kurdish forces, rebel groups, Syrian government troops and Islamic State militants intensifies.
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