Since the onset of the eurozone sovereign debt crisis, credit risk spreads in Europe have diverged. Despite this … divergence, credit risk comoves strongly within certain country groups such as the eurozone periphery. We seek to answer what the … have been subject to contagion. We proceed in three steps. First, we apply dynamic conditional correlations from a …

prefer change, indicating hope in new policies ameliorate public finances. Second, due to the prolonged eurozone sovereign … debt crisis, elections in European countries have stronger contagion effects in their own region during a global slowdown …

this crisis. During the Irish financial crisis from 2007 to 2010, strong contagion effects are uncovered between Irish … equity markets and the investigated European equity markets. The contagion effects are found to ease dramatically in the … intervention as a mechanism to mitigate and absorb contagion associated with state-specific financial crises and if possible …