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 …

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 …

changes have an asymmetric impact in that bank stocks benefit more from negative CDS spread shocks than they are hurt by …

In this paper we investigate whether or not observed changes in the composition of the sovereign bond portfolios of … their domestic sovereign, causing a negative bank-sovereign doom loop. Several motivations for such behavior have been … involve some degree of irrational behavior. We depart from this approach and investigate the risk-return trade-off in the bank …

. Before the French presidential elections in 2017, the French bond spread widened together with the estimated Le Pen election …

Using large panel data of public and private firms, this paper dissects the aggregate growth of bond financing in the … Euro Area. It considerably broadened firms' access to funding, but can also lead to new risks. The composition of bond … to higher leverage and interest rates. Moreover, holdings of stable `buy-and-hold' bond investors are large in aggregate …

Using large panel data of public and private firms, this paper dissects the growth of bond financing in the Euro Area … through the lens of the cross-section of issuers. In recent years, the composition of bond issuers has shifted, with the entry … of many smaller and riskier issuers. New issuers invest and grow, instead of simply repaying bank loans. Moreover …

, using bond yield spreads for the major eurozone countries. By emphasizing the use of two econometric approaches based on … propagation of shocks in euro's bond yield spreads shows almost no presence of shift-contagion. All the increases in correlation …

This paper analyzes the sovereign risk contagion using credit default swaps (CDS) and bond premiums for the major … eurozone countries. By emphasizing several econometric approaches (nonlinear regression, quantile regression and Bayesian … their sovereign debt and fiscal situations. Thus, the integration among the different eurozone countries is stable, and the …