yields of French, Italian, German and Spanish long-term sovereign bonds during the culmination of the Eurozone debt crisis in … crisis-time capital allocation in Eurozone. Their downgradings caused investors to rebalance their portfolios across member …

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 … eurozone countries during the sovereign debt crisis. We find strong evidence for both fundamentals and nonfundamentals based …