Financial institutions are facing unprecedented challenges brought on by the coronavirus Pandemic, less than a decade after recovering from the Global Financial Crisis and the Eurozone debt crisis. The causes of these challenges differ greatly from the previous crises that financial...

This paper examines the spillover effects of the U.S. Fed's and the European Central Bank (ECB)'s target interest rate news on the market returns and return volatilities of twelve stock markets in the Asia-Pacific region over the period 1999-2006. The news spillover effects on the returns are...