become less elastic over time, resulting in a decline in risk sharing. While shock amplification has also declined on average …We develop a structural model of the global banking network and analyze its role in facilitating risk sharing and … explains variation in risk sharing and amplification across countries. Moreover, we show that cross‐border loan supply has …

This paper considers the formation of risk-sharing networks. Following empirical findings, we build a model where risk … risk-sharing outcomes. These results may help explain empirical findings that risk-sharing is often not symmetric or …

Given limited network information, we consider robust risk quantification under the Eisenberg-Noe model for financial …