This paper proposes a conceptual framework to identify the potential sources of contagion in emerging bond markets and … period, and that, at present, the risk of contagion may come mainly from events taking place into mature markets. Finally, we … enhance government discipline and limit contagion effects in a wake of a global shock or a shock affecting another emerging …

evidence of true contagion and common external shocks. …

tests for contagion (i.e., an intensification in the transmission of shocks across countries), fragmentation (a reduction in …, Italy and Spain became more interdependent after the OMT announcement, providing our only evidence of contagion. While this …

relationship between the sovereign-to-banks contagion risk variable and market fragmentation in rate on the e-MID interbank market …