results are, first, that financial stability depends not only on the completeness and interconnectedness of the network but … system to interbank contagion. Third, the more concentrated assets are within a money center model, the less stable it is … and interconnectedness of the network as well as empirical literature that exclusively focuses on one particular financial …

contagion and aggregate losses in a financial system. Systemic instability is explored in a financial network comprising three …We examine the role of macroeconomic fluctuations, asset market liquidity, and network structure in determining …

to answer the following question: how do we find densely connected subsets of nodes within a credit network? The question … is relevant for policy, since these subsets are likely to channel any shock affecting the network. As it turns out, a … reliable answer can be obtained with the aid of complex network theory. In particular, the authors show how it is possible to …

. We vary the network of player interaction between a regular lattice and a random network allowing us to model contagion … interest is to study the process of contagion where by one action 'spreads throughout the population' and becomes conventional … in small world networks. Through simulation results we highlight the importance of network structure on both the …

We study a model of network formation and start-up financing with endogenous entrepreneurial type distribution. A hub … firm admits members to its network based on signals about entrepreneurs' types. Network membership is observable, which … allows lenders to offer different interest rates to network and stand-alone entrepreneurs. We show that a network outcome can …

stability. We model the default of a large bank and analyse the resulting contagion effects. This is compared to a common shock … contagion effects, but are instead the greater threat to systemic stability. …

Russia. The adopted framework allows to analyse interdependence by estimating volatility spillovers, and also contagion by … evidence on possible changes in the transmission mechanism (namely, on whether there is contagion) can be obtained by examining … spillovers between the three CEECs considered and the UK (contagion). …

illiquidity and all its friends: market freezes, fire sales, contagion, and ultimately insolvencies and bailouts. It first …