This paper provides a survey on recent developments in the European banking industry. Traditional banking activities …

wealth transfers to or from the Periphery countries. These implicit transfers are responsible for creating contagion among …

find that countries with large, open banking sectors and trade deficits tend to transmit growth more strongly than other …

offer an operational definition of contagion to examine European Economic and Monetary Union (EMU) countries public debt … period, and the intensification of causality recorded in 70% of the cases, provide clear evidence of contagion in the …

fundamentals-based or pure contagion. To do so, we examine the behaviour of EMU sovereign bond yield spreads with respect to the … contagion) and episodes of significantly reduced interconnection (which we associate with immunisation). We then use an ordered … variables proxying market sentiment and of variables proxying macrofundamentals in determining contagion and immunisation …

This paper analyzes the sovereign risk contagion using CDS spreads for the major euro area countries. Using several …

stress, very few discussed the contagion or spillover effects in terms of capital flow volatility. This paper is one of the … 1980–2009, the empirical results suggest strong and significant contagion effects in the volatility of capital flows to … individual economies. The magnitudes of contagion vary depending on the type of capital flows, whether it is foreign direct …

offer an operational definition of contagion to examine European Economic and Monetary Union (EMU) countries public debt … period, and the intensification of causality recorded in 70% of the cases provide clear evidence of contagion in the …