Interconnections among financial institutions create potential channels for contagion and
amplification of shocks to the financial system. We estimate the extent to which …

We analyze the global banking network using data on cross-border banking flows for 184
countries during 1978–2010. We find that the density of the global banking network defined …

The financial crisis clearly illustrated the importance of characterizing the level of
'systemic'risk associated with an entire credit network, rather than with single institutions …

We outline a vision for an ambitious program to understand the economy and financial
markets as a complex evolving system of coupled networks of interacting agents. This is a …

In this paper, we develop an agent-based multi-layered interbank network model based on a
sample of large EU banks. The model allows for taking a more holistic approach to interbank …

This paper presents a new approach to randomly generate interbank networks while
overcoming shortcomings in the availability of bank-by-bank bilateral exposures. Our model …

This article surveys models of counterparty contagion and their application in systemic risk
management, emphasizing the network of counterparty relationships. It addresses how …

Foreign currency loans to the unhedged non-banking sector are remarkably prevalent in
Europe and create a significant exchange-rate-induced credit risk to European banking …

Interbank contagion has become a buzzword in the aftermath of the financial crisis that led to
a series of shocks to the interbank market and to periods of pronounced market disruptions …

Banking systemic risk is a complex nonlinear phenomenon and has shed light on the
importance of safeguarding financial stability by recent financial crisis. According to the …