lower credit growth to the private sector and with a higher return on assets of the banking sector. Analysis suggests that …

the global banking system. Drawing on a unique dataset, the paper documents the degree of interconnectedness and systemic … risk of the euro area banking system based on bilateral linkages. We develop a Contagion Mapping model fully calibrated … tipping points shifting the euro area banking system from a less vulnerable state to a highly vulnerable state are a non …

-specific uncertainty shocks on cross-border banking flows using the confidential Bank for International Settlements Locational Banking … effect of uncertainty shocks on cross-border banking flows. The results of this analysis suggest that: (i) uncertainty is …

We present a model in which shadow banking arises endogenously and undermines marketdiscipline on traditional banks … alternative banking strategy that combines high risk-taking with earlyliquidation in times of crisis. We bring the model to bear … andliquidated their assets. We derive an equilibrium in which the shadow banking sectorexpands to a size where its liquidation …