Volatility spillovers in EMU sovereign bond markets

We analyse volatility spillovers in EMU sovereign bond markets. First, we examine the unconditional patterns during the full sample (April 1999-January 2014) using a measure recently proposed by Diebold and Yılmaz (2012). Second, we make use of a dynamic analysis to evaluate net directional volatility spillovers for each of the eleven countries under study, and to determine whether core and peripheral markets present differences. Finally, we apply a panel analysis to empirically investigate the determinants of net directional spillovers of this kind.

On the universality class of monopole percolation in scalar QED

We study the critical properties of the monopole-percolation transition in U(1) lattice gauge theory coupled to scalars at infinite (β = 0) gauge coupling. We find strong scaling corrections in the critical exponents that must be considered by means of an infinite-volume extrapolation. After the extrapolation, our results are as precise as the obtained for the four dimensional site-percolation and, contrary to previously stated, fully compatible with them.