We propose a non-parametric procedure for estimating systemic co-jumps and independent idiosyncratic jumps, and study associated news reported in Factiva and Bloomberg for thirty five stock markets from 1988 to 2014. Our results suggest that it is important to distinguish between systemic...

In this paper we make a distinction between systemic co-jumps and independent idiosyncratic jumps, and examine the impact of their mis-specification on asset allocation. We discuss how jumps mis-specification may lead to jumps mis-estimation and to a suboptimal portfolio. Specifically, we...

Understanding political finance reform / Pippa Norris and Andrea Abel van Es -- Brazil / Bruno Speck -- Britain / Justin Fisher -- India / Eswaran Sridharan and Milan Vaishnav -- Indonesia / Marcus Mietzner -- Japan / Matthew Carlson -- Russia / Grigorii V. Golosov -- South Africa / Richard...