important EU economies (Germany, France, the UK, Italy, Spain) during the European debt crisis. The cross-correlation function … Spain exhibit the highest dependence on the BRICS, whereas only India has a negative balance of outgoing and incoming causal …

important EU economies (Germany, France, the UK, Italy, Spain) during the European debt crisis. The cross-correlation function …

This paper addresses the following questions. Is there evidence of financial contagion in the Eurozone? To what extent … matter concerning the Euro Zone. Second, differences in vulnerability to contagion within the Eurozone are even more … remarkable: the core Eurozone members become less vulnerable to EUZ contagion, possibly due to a safe-heaven effect, while …