This paper tests financial contagion due to interbank linkages. For identification we exploit an idiosyncratic, sudden … contagion is higher for banks with weaker fundamentals. Third, interbank linkages among surviving banks further propagate the … linkages act as an important channel of contagion and hold important policy implications. …

the tools of network analysis it is possible to study how contagion spreads between banks and what is the probability and … impact on contagion probability than real shocks that, however, are long lasting. Additionally I find that monetary policy …

borrowers, banks are interconnected and then exposed to financial contagion phenomena, even if not directly. In this paper, we … this case, contagion may occur if a bank hit by a liquidity shock calls in some loans and borrowers then pay them back by …

greater need for risk sharing, though, increases the risk of cross-border contagion and the likelihood of widespread banking … crises. However, even though integration increases the risk of contagion it improves welfare if it permits banks to realize …