This paper analyzes sovereign risk contagion in the Eurozone using an extension to the canonical model for contagion … channels of pure contagion between 2008 and 2012. Further, we find that the bailout-programs for Greece, Ireland and Portugal …

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 …

stronger for more pervasive shocks, so that idiosyncratic shocks to small countries, such as Greece, do not have an …