debt crisis, elections in European countries have stronger contagion effects in their own region during a global slowdown …

, was there contagion among and between banks and sovereigns? We find evidence for both. Interestingly, sovereign CDS … spreads appear immune after April 2010. We argue that this might reflect the ECB's efforts to stop contagion during the euro …

This paper addresses the following questions. Is there evidence of financial contagion in the Eurozone? To what extent … a country's vulnerability to contagion depends on "fundamentals" as opposed the government's "credibility"? We look at … matter concerning the Euro Zone. Second, differences in vulnerability to contagion within the Eurozone are even more …