distance, trade, and finance to the US subprime mortgage and Eurozone debt crisis areas. To understand the causes of the cross … primary contagion driver, rather than the trade channel. Given the substantial degree of financial contagion, I run a series … similarly severe contagion in the future, so long as there is not capital immobility to the degree that the local sovereign can …

experience of Greece, the most extreme manifestation of the puzzling behavior of spreads during Covid. We develop a small open … boom-bust cycle of Greece before Covid and salient observations on macro aggregates, government debt, and the sovereign …

that Greece is a member state of Eurozone, on the other hand U.S.A had an autonomous monetary policy during the Great …