Modelling Sovereign Risk Transmission in Europe

Animated Heatmap

This page contains an animated heatmap showing the evolution of the sovereign risk network

Each cell in the heatmap represents credit risk transfer moving from the entity named in the row header to the entity named in the column header

Deeper shading indicates stronger credit risk transmission

The scale is in percent (see the paper for details)

The transition from one frame to the next represents the passage of five trading days