defaults and bankruptcy. Building on a simple model for the joint determination of the repayments of interbank claims, this …

This thesis consists out of three essays on systemic risk in the banking system and stock market contagion. The first … contagion dominated in the US and European banking systems at the onset of the Subprime Crisis. The second essay (Döring …? Comparative impact assessment of the Tohoku earthquake 2011 and the Lehman bankruptcy 2008") contributes to the literature on …

possible channel of contagion from the infected region to the rest of the world. Focusing on, say, the incidence of close human … can become big and global. Much of the empirical finance literature has focused only on "direct" contagion arising from … firms' contractual obligations. Direct contagion occurs if one firm's default on its contractual obligations triggers …

This paper investigates systemic risk and contagion processes in the inter-bank network using network science methods … contagion process in the network regarding changes in the network structure, as well as changes in the characteristics of … accelerate or block contagion proces depending on the structure of the network and seniority of debts in the inter-bank network …