(SIFIs), analyse the nature of contagion propagation, and also monitor and design ways of increasing robustness in the … in that the failure of any member of the central tier will bring down other members with the contagion coming to an …

stability of the banking system, a government’s commitment to shield banks from contagion may increase their incentives to … bailout rents are low and the risk of contagion (upon a bank failure) is high. The optimal policy may then be not to try to …

This paper assesses financial integration in Asia in terms of risk-sharing benefit versus financial-contagion cost. We … discount factors. Risk sharing is low in Asia, and varies across time and countries, whereas contagion risks are more … contagion, but the terms of tradeoffs vary across countries, depending on relative economic fluctuations and inflation …

14 developing and industrial countries. The results show that contagion was systemic during the period, with industrial … importance of studying them jointly. An implication of the empirical results is that models of contagion that exclude industrial …