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 …

the Eurozone. The adjusted correlation analysis confirms that Greece and other PIIGS (even Spain and Italy) have lower …This paper analyses the dynamics of the credit default swap (CDS) market of PIIGS, France, Germany and the UK for the … correlation analysis and the Granger-causality test demonstrate that there was contagion effect since correlations and cross …