We study the effects of an intervention aimed at identifying and containing outbreaks in a network model of contagion …

constitutes a contagion channel that yields predictable returns and downgrades. Shocks to the degree of news-implied firm …

common knowledge that some banks have incurred losses but not which ones. We develop a model that features contagion, meaning … of contagion is large, it is possible for no information to be disclosed in equilibrium but for mandatory disclosure to … increase welfare by allowing investment that would not have occurred otherwise. Absent contagion, mandatory disclosure cannot …