primary contagion driver, rather than the trade channel. Given the substantial degree of financial contagion, I run a series … similarly severe contagion in the future, so long as there is not capital immobility to the degree that the local sovereign can …

the launch of the ECB quantitative easing programme has a statistically significant, albeit limited, impact on sovereign … collateral scarcity premia, but this impact is offset by the beginning of the ECB Securities Lending Programme. …

contagion of shocks to asset prices within and between the two financial sectors, including the effects of fire sales and their …. Second, higher bank capital requirements may aggravate contagion since they may incentivise banks to hold similar assets, and … managers absorb small liquidity shocks but they exacerbate contagion when liquid buffers are fully utilised. …

I study the problem of regulating a network of interdependent financial institutions that is prone to contagion when …) susceptibility of the network to contagion, (ii) the cost of improving network transparency, (iii) the cost of regulating …

constitutes a contagion channel that yields predictable returns and downgrades. Shocks to the degree of news-implied firm …