This paper quantifies the spillover effect of local exogenous shocks, such as earthquakes, to other firms through supply chain networks. Combining micro data on a large-scale inter-firm transaction network and geographic information on firm location, we examine the firm level impact of supply...

This paper studies the effect of incomplete information within a banking network. Banks are arranged in a network of claims. Claims are held either by other banks in the network or outside depositors. Within this framework, we analyze how incomplete information about the viability of bank assets...