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Even if they do not, trade increases spillovers between economies.
They showed that in good times spillovers between countries don't matter much so markets can appear not to be related.
Prior research has documented the existence of disclosure externalities, or information spillovers, between firms in a number of different settings.
We use as a proxy for information spillovers between the bidder and target firms their historical returns and earnings correlations.
In my job market paper, I examine spillovers between safety net programs and the mechanisms driving these spillovers.
The objective of this paper is to investigate the volatility spillovers between oil and stock markets in Europe.
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Our findings point to the existence of significant volatility spillover between oil and sector stock returns.
Detection filters were set to match the spectral properties of fluorochromes, and single dye controls were introduced when necessary to confirm lack of signal spillover between channels.
Hence, the target firm is inclined to disclose more favorable information regardless of the nature of the spillover between the two firms.
Granger causality in risk and detection of extreme risk spillover between financial markets, with Y. Liu and S. Wang, Journal of Econometrics 150 (2009), 271-287.
Deutsche Bank, it said, was not only "one of the most important net contributors to systemic risks in the global banking system"; it was also a contagious agent, because of heavy financial "spillover" between Deutsche Bank and other lenders and insurers.
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