Tola, Albi; Wälti, Sébastien - In: The Quarterly Review of Economics and Finance 55 (2015) C, pp. 108-123
Financial market interdependence has been at the epicenter of the crisis in the euro area. This paper tests for the existence of financial contagion during this crisis, defined as the international transmission of country-specific shocks beyond the normal channels of financial interdependence....
