information about the quality of bank portfolios also plays a role in precipitating systemic crises. [3] Financial crises … effectiveness of future bank risk assessment, increasing the probability of lengthy, severe recessions. The government, acting in … the interest of current and future depositors, may wish to increase the transparency of bank portfolios by limiting …

contract their balance sheets. These bank responses generate externalities that propagate in the form of macro … macro-financial feedback loops can significantly affect macroeconomic outcomes and bank-specific stress tests results. The … heterogeneity in bank lending responses matters: it determines how each bank fares under adverse conditions and the external effects …

indices; second, which bank-specific characteristics explain these risk exposures; third, are there clusters of banks with … analysis of bank-to-bank linkages suggests that any “globalization” of the euro area crisis is likely to be channelled through …

with bank-level data to study the contagion potential of an exogenous shock via credit and funding risks. We find that …-linear function of the combination of network structures and bank-specific characteristics …