Steinbacher, Matjaz; Steinbacher, Mitja; Steinbacher, Matej - Volkswirtschaftliche Fakultät, … - 2013
We propose a network-based model of credit contagion and examine the e�ects of idiosyncratic and systemic shocks to individual banks and the banking system. The banking system is built as a network in which banks are connected to each other through the interbank market. The microstructure...