connectivity is non-monotonic, that is, initially a small increase in connectivity increases the contagion effect; but after a … consider how the risk of contagion might depend on the degree of asymmetry (tiering) inherent in the structure of the banking …

contagion and aggregate losses in a stylised financial system. Systemic instability is explored in a financial network …

direct spillovers from one bank to another: liquidity hoarding, asset price contagion, and the propagation of defaults via …

This paper develops an analytical model of contagion in financial networks with arbitrary structure. We explore how the … probability and potential impact of contagion is influenced by aggregate and idiosyncratic shocks, changes in network structure … probability of contagion may be low, the effects can be extremely widespread when problems occur. And we suggest why the …

which these channels of contagion operate, and conduct illustrative simulations to show how liquidity feedbacks may markedly …