Union before and after the sovereign debt crisis, by introducing the novel concept of correlation-based stable networks …. Accordingly, a fair integration is observed between the bond markets during the pre-crisis period. However, a strict segmentation … the sovereign debt turmoil. The segmentation structure is clearly visualized, revealing the potential paths for crisis and …

During the sovereign debt crisis investors rebalanced out of stressed and into non-stressed euro area countries …

indicator of the subsequent financial crisis. The unified methodology proposed by Diebold and Yilmaz (2014) is used to overcome … connectedness deteriorated with the onset of the global financial crisis that was exacerbated by the European sovereign debt crisis …

The sovereign debt crisis challenged investors in European government bonds to deal with volatile interest rate spreads … before and during the sovereign debt crisis and evaluate their out-of-sample hedging effectiveness. Before the crisis, German … futures were efficient instruments for hedging government bond portfolios, but during the crisis, a composite hedge combining …

is used. The main results suggest that the 41 new causality patterns, which appeared for the first time in the crisis … aftermath of the current euro debt crisis …

This paper focuses on the way a crisis needs an institutional actor and champion. Through painfully slow intervention … capitalism afloat with massive and repeated bailouts of public money, the worst-case scenario facing the Euro-zone of some kind …

swaps (CDS) for a panel of 36 countries including the Eurozone. We find that austerity practice generally leads to an …

. During the current sovereign debt crisis, real economy linkages play a more important role in transmitting shocks from the …

The present study examines whether and to what extent the recent crisis in the European Union (EU) had an impact on the … supervision by EU authorities. This study also examines whether incentives for earnings management, probably induced by the crisis … during the crisis, the change in most determinants of earnings quality favors higher earnings quality. However, the results …

At the end of 2009, countries in the Eurozone began to experience a sudden divergence of bond yields as the perceived … sovereign credit default swap (CDS) market and the liquidity of the sovereign bond market for a group of Eurozone countries …. Empirically, we consider the differential spread on various Eurozone members sovereign bonds over the equivalent German benchmark …