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The fifth generation wireless systems are expected to rely on a large number of small cells to massively offload traffic from the cellular and even from the wireless local area networks. To enable this functionality, mm-wave (EHF) and Terahertz (THF) bands are being actively explored. These bands are characterized by unique propagation properties compared with microwave systems. As a result, the interference structure in these systems could be principally different to what we observed so far at lower frequencies. In this paper, using the tools of stochastic geometry, we study the systems operating in the EHF/THF bands by explicitly capturing three phenomena inherent for these frequencies: (1) high directivity of the transmit and receive antennas;( 2) molecular absorption; and (3) blocking of high-frequency radiation. We also define and compare two different antenna radiation pattern models. The metrics of interest …