The Lehman bankruptcy highlights the potential for interconnectedness to cause negative externalities through … counterparty contagion, but the externalities may also arise from information contagion. We examine contagion from troubled …

. Previous research shows that Chapter 11 filings cause significant negative externalities, consistent with a strong role for …

Global liquidity provisio ... …

We develop a theory of collateralized debt that emphasizes collateral risk, incentives to acquire information about …

function determined by the amount of currencies supplied by the liquidity providers. Liquidity providers can be regarded as … investors in the decentralized exchange and earn fixed commissions per trade. They lock up funds in liquidity pools for distinct … pairs of currencies allowing market participants to swap them using the fixed price function. Liquidity providers take on …

We conjecture that lenders' decisions to provide liquidity are affected by the extent to which they internalize … negative spillovers. We show that lenders with a large share of loans outstanding in an industry provide liquidity to … share of outstanding loans also provide liquidity to customers and suppliers of industries in distress, especially when the …