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 …

: stock market indices, exchange rates, and yield premia. Our theoretical model takes spillover effects into account when it … through gravity-like approaches. Six EU member states outside the Eurozone and Switzerland were analysed between 2007 and 2019 …