o:28631 The effects of volatility spillover on the largest global financial market segments en Abstract: The aim of the paper is to present and analyse indicators of financial connectedness and volatility spillover on important segments of the global financial market – the stock market, bond market, CDS market, and foreign exchange market. Total, net, and directional measures of volatility spillover are presented and analysed, indicating the level of connectedness of countries’ particular market segments and the level of volatility spillover in periods of crisis and stability. Key words: financial connectedness, generalised VAR, volatility spillovers, global financial market segments 1552099 10.22190/FUEO1804319Ј 1552101 0354-4699 2023-04-06T13:33:49.507Z 44 no 46 Irena Janković Univerzitet u Beogradu Ekonomski fakultet 14632551 0000-0003-1115-4702 application/pdf 845331 https://phaidrabg.bg.ac.rs/o:28631 no yes 18 70 92000001 11A03 Facta universitatis. Series: Economics and organization 15 4 319 329 2018