We model EU countries? bank ratings using financial variables and allowing for intercept and slope heterogeneity. We … find that country-specific factors (in the form of heterogeneous intercepts) are a crucial determinant of ratings. Whilst … ?new? EU countries typically have lower ratings than ?old? EU countries, after ontrolling for financial variables, all …

increased during and after the crisis. However, we found weak support for contagion in the pre-crisis period. …

This study examines stock market contagion from the United States to the markets of the GCC countries during the period … that the collapse of the GCC stock markets did not result purely from contagion, in the sense that these markets did not …

have sparked and induced contagion. This study further extends the existing research by identifying and testing three … financial market variables to trace the alleged origin and the subsequent path of the contagion during the 1997 Asian Crisis … strong support for contagion. We further extend the analysis by looking at the impulse responses. The results still do not …

This paper builds a general test of contagion in financial markets based on bivariate correlation analysis – a test … that can be interpreted as an extension of the normal correlation theorem. Contagion is defined as a structural break in … contagion is successful in controlling for a potential bias induced by changes in the variance of global shocks, current tests …

contagion risk in the accumulation process, and the outlook of regional arrangements of cooperation, such as regional reserve …

earnings either in that same year or within the past two years. We also find evidence of earning management contagion at the … past two years. Furthermore, we find that earnings management contagion is stronger when it’s the shared director has a … also a director at another firm is associated with stronger contagion relative to other board positions of shared directors …