We analyse a sample of systemically important European financial intermediaries that fall under the Single Supervisory Mechanism, which is part of the new institutional supervisory architecture of the Eurozone. Theory suggests that herding among financial intermediaries raises cross-sectional...

By adopting a dynamic ARDL transformation, we investigate the cointegrating relationship of the government bond debt yields, driven by the common money market factors in Economic Monetary Union. The findings indicate that the introduction of the common currency has not a uniform effect on the...

We investigate the contagion appetite generated by the current debt crisis in Greece by focusing on six European Monetary Union bond markets, namely the Netherlands, Germany, Italy, Spain, Portugal and France. We use a framework that contains two procedures, a spillover regime/switching model...