crisis; (2) in countries that have more credit provided by banks; (3) in countries that do not have explicit depository …

on European banks is exploited with simulated scale-free networks. The average contagion affected 70% and 40% of European … banks’ total assets in 2007 and in 2010, respectively. Country-level results suggest that French, British, German and … Spanish banks are the most contagious ones, whereas banks from Ireland, Greece and Portugal induce only limited negative …

default swap price (CDS) of 60 banks using the Eurosystem’s proprietary data from mid-2008 to mid-2013. We find that the AOR … concentrated on days of market stress for banks which mainly borrow from “relationship” lender banks. Such borrower banks are …