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Holden, Stephen J.; Barwise, Patrick - 1996

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The role of contagion in the transmission of financial stress

Herculano, Miguel C. - 2018

I examine the relevance of contagion in explaining financial distress in the US banking system by identifying the component of bank level probabilities that is due to contagion. Identification is achieved after controlling for macrofinancial and bank specific shocks that have similar...