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 …

, using bond yield spreads for the major eurozone countries. By emphasizing the use of two econometric approaches based on …

The last stage of the current economic crisis is mainly focused in Europe and, especially, in Portugal, Ireland, Greece …

stronger for more pervasive shocks, so that idiosyncratic shocks to small countries, such as Greece, do not have an …