---
title: "Volatility spillovers research: papers and trends"
description: "From 2017 to 2026 (so far), the keyword “volatility spillovers” appeared in 1,219 papers in the tracked journals, most of them in finance (722), economics (443) and management (26)."
url: https://scholar4ai.com/keywords/volatility-spillovers
markdown_url: https://scholar4ai.com/keywords/volatility-spillovers.md
license: CC BY-NC 4.0 (https://creativecommons.org/licenses/by-nc/4.0/)
share_text: "From 2017 to 2026 (so far), the keyword “volatility spillovers” appeared in 1,219 papers in the tracked journals, most of them in finance (722), economics (443) and management (26). (as of 2026-11-03)"
data_url: https://scholar4ai.com/data/rankings.json
updated: 2026-11-03T18:03:37+09:00
window: 2026-10-05 to 2026-11-03
source: OpenAlex (CC0)
---

# Papers on “volatility spillovers”

Research on “volatility spillovers” in the 480 tracked journals: papers per year and category, the journals, institutions and countries publishing it, the keywords studied with it and its most-cited papers. It is not among the most frequent keywords of the last 30 days, so this page has no list of its latest papers.

Back to the ranking: https://scholar4ai.com/rankings/keywords.md

## Key findings

- From 2017 to 2026 (so far), the keyword “volatility spillovers” appeared in 1,219 papers in the tracked journals, most of them in finance (722), economics (443) and management (26).
- 134 of them were published in 2025, against 68 in 2017.
- Since 2023, the institutions with the most of these papers were Lebanese American University (44), Pusan National University (16) and United Arab Emirates University (14).
- The journals publishing most of them were Energy Economics (62), Finance research letters (57) and International Review of Economics & Finance (53).
- The most-cited of them is “Portfolio diversification with virtual currency: Evidence from bitcoin” (International Review of Financial Analysis, 2018), with 633 citations.

## Papers per year

*Papers per publication year and category*

| Category | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 (so far) |
|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|
| [Finance](https://scholar4ai.com/categories/finance.md) | 44 | 49 | 51 | 54 | 81 | 78 | 84 | 107 | 85 | 89 |
| [Economics](https://scholar4ai.com/categories/economics.md) | 21 | 29 | 40 | 46 | 52 | 63 | 70 | 47 | 44 | 31 |
| [Management](https://scholar4ai.com/categories/management.md) | 2 | 0 | 1 | 3 | 5 | 2 | 2 | 4 | 2 | 5 |
| [Operations Research](https://scholar4ai.com/categories/operations-research.md) | 0 | 0 | 2 | 1 | 3 | 3 | 3 | 2 | 2 | 2 |
| [Statistics](https://scholar4ai.com/categories/statistics.md) | 1 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| [Information Systems](https://scholar4ai.com/categories/information-systems.md) | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 0 | 0 | 0 |
| [AI](https://scholar4ai.com/categories/ai.md) | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| [Tourism and Hospitality](https://scholar4ai.com/categories/tourism-and-hospitality.md) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| [Marketing](https://scholar4ai.com/categories/marketing.md) | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| All categories | 68 | 79 | 95 | 105 | 142 | 148 | 160 | 160 | 134 | 128 |

## Where the papers come from

*Journals with the most papers, since 2023*

| # | Journal | Papers |
|---:|---|---:|
| 1 | [Energy Economics](https://scholar4ai.com/journals/energy-economics.md) | 62 |
| 2 | [Finance research letters](https://scholar4ai.com/journals/finance-research-letters.md) | 57 |
| 3 | [International Review of Economics & Finance](https://scholar4ai.com/journals/international-review-of-economics-finance.md) | 53 |
| 4 | [Resources Policy](https://scholar4ai.com/journals/resources-policy.md) | 41 |
| 5 | [International Review of Financial Analysis](https://scholar4ai.com/journals/international-review-of-financial-analysis.md) | 38 |
| 6 | [Research in International Business and Finance](https://scholar4ai.com/journals/research-in-international-business-and-finance.md) | 37 |
| 7 | [The North American Journal of Economics and Finance](https://scholar4ai.com/journals/the-north-american-journal-of-economics-and-finance.md) | 34 |
| 8 | [Financial Innovation](https://scholar4ai.com/journals/financial-innovation.md) | 24 |
| 9 | [Asia-Pacific Financial Markets](https://scholar4ai.com/journals/asia-pacific-financial-markets.md) | 18 |
| 10 | [Borsa Istanbul Review](https://scholar4ai.com/journals/borsa-istanbul-review.md) | 15 |

*Institutions with the most papers, since 2023*

| # | Institution | Papers |
|---:|---|---:|
| 1 | [Lebanese American University](https://scholar4ai.com/institutions/lebanese-american-university.md) | 44 |
| 2 | Pusan National University | 16 |
| 3 | United Arab Emirates University | 14 |
| 4 | Sultan Qaboos University | 13 |
| 5 | Tunis El Manar University | 11 |
| 6 | [University of Lisbon](https://scholar4ai.com/institutions/university-of-lisbon.md) | 11 |
| 7 | [Hunan University](https://scholar4ai.com/institutions/hunan-university.md) | 10 |
| 8 | University of Akron | 10 |
| 9 | Zayed University | 10 |
| 10 | [Zhejiang Gongshang University](https://scholar4ai.com/institutions/zhejiang-gongshang-university.md) | 10 |

*Countries with the most papers, since 2023*

| # | Country | Papers |
|---:|---|---:|
| 1 | China | 211 |
| 2 | United States | 63 |
| 3 | United Kingdom | 61 |
| 4 | India | 60 |
| 5 | Lebanon | 46 |
| 6 | Turkey | 46 |
| 7 | France | 35 |
| 8 | United Arab Emirates | 34 |
| 9 | Australia | 33 |
| 10 | Italy | 33 |

*Keywords with the most papers, since 2023*

| # | Keyword | Papers |
|---:|---|---:|
| 1 | [COVID-19 pandemic](https://scholar4ai.com/keywords/covid-19-pandemic.md) | 180 |
| 2 | [Russian invasion of Ukraine](https://scholar4ai.com/keywords/russian-invasion-of-ukraine.md) | 99 |
| 3 | [portfolio diversification](https://scholar4ai.com/keywords/portfolio-diversification.md) | 70 |
| 4 | return spillovers | 67 |
| 5 | [Bitcoin](https://scholar4ai.com/keywords/bitcoin.md) | 65 |
| 6 | [stock market](https://scholar4ai.com/keywords/stock-market.md) | 52 |
| 7 | [geopolitical risk](https://scholar4ai.com/keywords/geopolitical-risk.md) | 49 |
| 8 | [hedging](https://scholar4ai.com/keywords/hedging.md) | 48 |
| 9 | [systemic risk](https://scholar4ai.com/keywords/systemic-risk.md) | 48 |

## Most-cited papers

*Most-cited papers since 2017*

| # | Citations | Per month | Title | Journal | Published | Authors |
|---:|---:|---:|---|---|---|---|
| 1 | 633 | 6.1 | [Portfolio diversification with virtual currency: Evidence from bitcoin](https://doi.org/10.1016/j.irfa.2018.03.004) | [International Review of Financial Analysis](https://scholar4ai.com/journals/international-review-of-financial-analysis.md) | 2018-03-25 | Khaled Guesmi, Samir Saadi, Ilyes Abid et al. |
| 2 | 627 | 6.6 | [Dynamic connectedness and integration in cryptocurrency markets](https://doi.org/10.1016/j.irfa.2018.12.002) | [International Review of Financial Analysis](https://scholar4ai.com/journals/international-review-of-financial-analysis.md) | 2018-12-08 | Qiang Ji, Elie I. Bouri, Chi Keung Marco Lau et al. |
| 3 | 550 | 7.9 | [Is non-fungible token pricing driven by cryptocurrencies?](https://doi.org/10.1016/j.frl.2021.102097) | [Finance research letters](https://scholar4ai.com/journals/finance-research-letters.md) | 2021-01-01 | Michael Dowling |
| 4 | 436 | 4.4 | [Volatility connectedness in the cryptocurrency market: Is Bitcoin a dominant cryptocurrency?](https://doi.org/10.1016/j.irfa.2018.08.012) | [International Review of Financial Analysis](https://scholar4ai.com/journals/international-review-of-financial-analysis.md) | 2018-09-01 | Shuyue Yi, Zishuang Xu, Gang‐Jin Wang |
| 5 | 432 | 8.1 | [The impact of the Russia-Ukraine conflict on the connectedness of financial markets](https://doi.org/10.1016/j.frl.2022.102976) | [Finance research letters](https://scholar4ai.com/journals/finance-research-letters.md) | 2022-05-16 | Zaghum Umar, Onur Polat, Sun‐Yong Choi et al. |

## Cite this page

Scholar4AI. (2026). Papers on “volatility spillovers”. Journal and Conference Research Rankings. Retrieved November 3, 2026, from https://scholar4ai.com/keywords/volatility-spillovers

```bibtex
@misc{scholar4ai-keywords-volatility-spillovers,
  author = {{Scholar4AI}},
  title = {Papers on “volatility spillovers”},
  year = {2026},
  howpublished = {\url{https://scholar4ai.com/keywords/volatility-spillovers}},
  urldate = {2026-11-03},
  note = {Journal and Conference Research Rankings; data from OpenAlex (CC0); licensed CC BY-NC 4.0}
}
```

License: CC BY-NC 4.0 (https://creativecommons.org/licenses/by-nc/4.0/).