deficits on interest spreads contained in bond yields of the countries now belonging to the Eurozone. Deficits significantly …

these two effects to quanto spreads and apply it to four eurozone sovereigns. Furthermore, using our model estimates, we … provide evidence that quanto effects can explain a significant part of the yield spread between eurozone sovereign bonds …

leave the eurozone. This paper contributes to the literature by integrating the classic Merton model with a political …

sparked an unprecedented sovereign debt crisis that rapidly spread to the Euro-Zone's weakest member states. As the crisis … increasingly drove a wedge between a seemingly resilient Euro-Zone core and its faltering periphery, its first collateral victims … were the private banks of the hardest-hit sovereigns. They were rapidly followed by the rest of the Euro-Zone's banks as a …