distance, trade, and finance to the US subprime mortgage and Eurozone debt crisis areas. To understand the causes of the cross … primary contagion driver, rather than the trade channel. Given the substantial degree of financial contagion, I run a series … similarly severe contagion in the future, so long as there is not capital immobility to the degree that the local sovereign can …

horizons, and through time. We divide the countries into three groups; the Core of the Eurozone, the Periphery of the Eurozone … and the states outside the Eurozone. Results indicate that co-movement considerably decreased in the crisis period for all …

also on financial markets leading internationally to what is referred as contagion, that is co-movements among asset prices … which have been excessive respect to fundamentals. The term “contagion,” generally used in contrast to “interdependence … like. Although there is still wide disagreement among economists about what contagion is exactly and how it should be …