Memmel, Christoph; Sachs, Angelika - In: Journal of Financial Stability 9 (2013) 1, pp. 46-54
Carrying out interbank contagion simulations for the German banking sector for the period from the first quarter of 2008 to the second quarter of 2011, we obtain the following results: (i) The system becomes less vulnerable to direct interbank contagion over time. (ii) The loss distribution for...