Manasse, Paolo; Zavalloni, Luca - IGIER (Innocenzo Gasparini Institute for Economic … - 2013
This paper addresses the following questions. Is there evidence of contagion in the Eurozone? To what extent do sovereign risk and the vulnerability to contagion depend on fundamentals as opposed to a country's "credibility"? We look at the empirical evidence on EU sovereigns CDS spreads and...