' connections may result in efficient risk transfer. But in crises, connections can facilitate contagion - as initial problems lead … reluctant to lend to each other and hoard liquidity. Potential for contagion due to interconnectedness is a key component of … systemic risk. As a first step towards understanding the mechanisms of contagion, this paper abstracts from complex indirect …

for the contagion after default of one unit (i.e. number of expected subsequent defaults, or their probabilities). For …

for the contagion after default of one unit (i.e. number of expected subsequent defaults, or their probabilities). For …

contagion depends on the precise pattern of interbank linkages. We use balance sheet information to estimate the matrix of … contagion. We find that the financial safety net (institutional guarantees for saving banks and cooperative banks) considerably … reduces - but does not eliminate - the danger of contagion. Even so, the failure of a single bank could lead to the breakdown …

contagion in the banking system and of how banks form connections when faced with the possibility of contagion and systemic risk … interconnections, contagion processes and systemic risk, while emphasizing at the same time the challenges that must be addressed …

traded quantities are determined by means of a matching algorithm. Contagion occurs through liquidity hoarding, interbank …

contagion in the banking system and of how banks form connections when faced with the possibility of contagion and systemic risk … interconnections, contagion processes and systemic risk, while emphasizing at the same time the challenges that must be addressed …

relationship between the sovereign-to-banks contagion risk variable and market fragmentation in rate on the e-MID interbank market …

networks to show how contagion can propagate under different scenarios when the topology of the financial system, the … simple model of contagion as the one that has been popularized by Gai and Kapadia (2010). Then, we provide a richer model in …

number of loans seems fuzzy. Distinguishing between contagion due to interbank credit and due to joint exposures to …