should be nowadays replaced with a network-oriented view. Closer insight into the concept of systemic risk can refer to the … considered to have a ‘cascading’, ‘domino’ or ‘contagion’ effect, resulting from strong connections. An initial failure could … have disastrous effects and cause extreme damage as the number of network nodes goes to infinity. Strongly interconnected …

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 …

the tools of network analysis it is possible to study how contagion spreads between banks and what is the probability and …In this paper, I incorporate a complex network model into a state of the art stochastic general equilibrium framework … impact on contagion probability than real shocks that, however, are long lasting. Additionally I find that monetary policy …