spillovers Determinants of Spillovers in International Financial Markets Yuthana Sethapramote, Ph.D., Graduate School of Development Economics, NIDA Introduction 3 The spread of market turbulence from one

volatility from time to time amid the uncertainties of US-China trade policies and the eventual relationship between the UK and the EU, turbulence in emerging markets, and concerns over the US economic outlook

markets went into a tailspin, whereas turbulence was seen in manufacturing, service and tourism sectors, which in turn dampened domestic spending sentiment. The situation adversely affected the government’s

. Uncertainty remains regarding whether China’s overheated economy will experience a soft or hard landing, and whether it will cause much turbulence to the world economy. In Thailand, escalating oil prices exert