Puhr, Claus; Seliger, Reinhardt; Sigmund, Michael - In: Financial Stability Report (2012) 24, pp. 62-78
The purpose of this paper is to analyze (hypothetical) contagious bank defaults, i.e. defaults not caused by the fundamental weakness of a given bank but triggered by failures in the banking system. As failing banks become unable to honor their commitments on the interbank market, they may cause...