of probability of joint drawups as an estimate of the network of financial dependencies among institutions. We then carry … out a network analysis that provides insights into the role of systemically important financial institutions …

This paper develops a network model of interbank lending, in which banks decide to extend credit to their potential … credit freezes that travel throughout the network. We use this framework to analyze the effects of various policy … literature on financial networks, we focus on how anticipation of future defaults may result in ex ante "credit freezes," whereby …

This paper develops a network model of interbank lending, in which banks decide to extend credit to their potential … credit freezes that travel throughout the network. We use this framework to analyze the effects of various policy … literature on financial networks, we focus on how anticipation of future defaults may result in ex ante “credit freezes,” whereby …