phase transition when the consequences of one single initial shock affect the entire population. I show that the size and …

network of 373 banks. On the basis of an exogenous shock leading to defaults of some banks in the network, we find that the …

functions. Specifically, we assess the systemic effect of an unexpected shock to the creditworthiness of a particular sovereign …

This paper shows how the combined endogenous reaction of banks and investment funds to an exogenous shock can amplify … model of contagion propagation using a very large and granular data set for the euro area. Based on the economic shock … caused by the Covid-19 outbreak, we model three sources of exogenous shocks: a default shock, a market shock and a redemption …

a significant and long-lasting negative impact on real GDP following an exogenous shock to the banking sector's write …

sequence of positive supply shocks rather than being the outcome of a big negative wealth shock. We also show that the model …