debt crisis. It shows that a deterioration in countries' fundamentals and fundamentals contagion – a sharp rise in the … spreads during the crisis, not only for euro area countries but globally. By contrast, regional spillovers and contagion have … been less important, including for euro area countries. The paper also finds evidence for herding contagion – sharp …

a second generation model of currency crises which allows for contagion through changes in fundamentals. Investor …

correlation analysis and the Granger-causality test demonstrate that there was contagion effect since correlations and cross … capacity to trigger contagion than core EU countries. Besides, Portugal is the most vulnerable country in the sample, whereas …

impacted by the financial crisis in terms of contagion in leverage with implications for portfolio diversification. Our …

Co-movements in equity markets may reflect either financial contagion or stock market integration. While the former …

discover contagion during 9 major crises and to measure integration between markets. Using wavelet decomposition to unveil the … subprime crisis reveals fundamentals-based contagion. While Islamic markets show traces of reduced exposure to the recent …

debt crisis. It shows that a deterioration in countries’ fundamentals and fundamentals contagion – a sharp rise in the … spreads during the crisis, not only for euro area countries but globally. By contrast, regional spillovers and contagion have … been less important, including for euro area countries. The paper also finds evidence for herding contagion – sharp …

Bayesian approach. Our main findings suggest that differences exist in the contagion effects. This implies that no …