Post-crisis dynamics show a shrinkage in the overall amount of crossborder bank lending, which has been interpreted in … to support such a claim in terms of the overall structure of the global banking network. Based on a systematic approach … to measuring, mapping and analyzing financial interconnectedness among countries using network theory, we show that …

When a country''s banking system becomes more linked to the global banking network, does that system get more or less … sectors that are not very connected to the global banking network, increases in interconnectedness are associated with a …

, CBDC and bank deposits according to their preferences over anonymity and security; and where network effects make the …We study the optimal design of a central bank digital currency (CBDC) in an environment where agents sort into cash … deposits, and can be interest-bearing: a CBDC that closely competes with deposits depresses bank credit and output, while a …

impact of a shock in one country on all other countries. The paper concludes that the network effects in shock spillovers can …