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 …

start of World War I, however, many such countries had centralized institutions and limited government. Panel regressions …This paper uses a new panel data set to perform a statistical analysis of political regimes and sovereign credit risk …

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