Garratt, Rod; Mahadeva, Lavan; Svirydzenka, Katsiaryna - 2011
Systemic risk among the network of international banking groups arises when financial stress threatens to criss …-cross many national boundaries and expose imperfect international co-ordination. To assess this risk, we apply an information … resulting modular structure reflects the flow of financial stress through the network, combining nodes that are most closely …