This paper develops an analytical model of contagion in financial networks with arbitrary structure. We explore how the … probability and potential impact of contagion is influenced by aggregate and idiosyncratic shocks, changes in network structure … future robustness. -- Contagion ; network models ; systemic risk ; liquidity risk ; financial crises …

Systemic risk among the network of international banking groups arises when financial stress threatens to criss … resulting modular structure reflects the flow of financial stress through the network, combining nodes that are most closely … related in terms of the transmission of stress. The modular structure of the international banking network has changed …

In this paper we compare the patterns of trade and financial integration by exploiting network analysis. Our results … show that, by combining binary and weighted network analysis, it is possible to deliver more precise and thorough insights … on the topological structure and properties of the international trade and financial networks (ITN and IFN). We find that …