This paper studies the scope for cross-border contagion in the European banking sector using true bilateral exposure … propagation from 2008 to 2012. We study the distribution of contagion outcomes after a common shock and an exogenous bank default … propagation of losses. An econometric analysis of the determinants of contagion shows that the position of a bank in the network …

and endogenous default dependence. We prove the existence and uniqueness of the liquidation equilibrium, we study the … consequences of exogenous shocks on the banking system and we measure contagion phenomena. This approach is illustrated by an …

incorporate business cycles or crises, to introduce contagion, to reproduce zero lower bound spells, or to evaluate the impact of …

spreaders” of financial contagion, identified as the most interconnected participants, consist mostly of banks. For some of them …

displaying “contagion.” Moral hazard prevents the bank from monitoring continuously unless it is compensated with the right …

The paper attempts to provide, for housing markets, evidence of "shift-contagion" at the international level, i. e …

of a contagion of confidence from “large countries” to “small countries”. I apply instrumental-variable regressions to …