distance, trade, and finance to the US subprime mortgage and Eurozone debt crisis areas. To understand the causes of the cross … 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 …

contagion and aggregate losses in a financial system. Systemic instability is explored in a financial network comprising three … stress scenarios with sharply rising corporate default rates and falling asset prices. -- Contagion ; Financial crises …