financial rescue scheme in Germany partially shielded German banks but not insurance companies from contagion. Overall, our …We examine contagion from a number of financial systems to the German financial system using the information content of … evidence for contagion from the US and European financial systems. Our results additionally confirm that the set up of the …

Carrying out interbank contagion simulations for the German banking sector for the period from the first quarter of … interbank contagion over time. (ii) The loss distribution for each point in time can be condensed into one indicator, the … banks. -- Interbank market ; contagion ; time dimension …

We investigate default clusters and reveal credit risk contagion in a data set with over four million German auto loans … macroeconomic effects alone. In a second step, we model contagion effects directly and show that the default of one auto loan can … portfolios, rating agencies, and regulators, as they indicate that contagion effects should be considered when assessing credit …