The source of financial contagion and spillovers: An evaluation of the covid-19 pandemic and the global financial crisis. [PDF]
PLoS One, 2022 This study investigates the reaction of stock markets to the Covid-19 pandemic and the Global Financial Crisis of 2008 (GFC) and compares their influence in terms of risk exposures.
Gunay S, Can G.
europepmc +2 more sources
A model of financial contagion with variable asset returns may be replaced with a simple threshold model of cascades [PDF]
Economics Letters 124, 113-116, 2014, 2013 I show the equivalence between a model of financial contagion and the threshold model of global cascades proposed by Watts (2002). The model financial network comprises banks that hold risky external assets as well as interbank assets. It is shown that a simple threshold model can replicate the size and the frequency of financial contagion without ...
Kobayashi, Teruyoshi
arxiv +5 more sources
Financial Institutions, Financial Contagion, and Financial Crises [PDF]
IMF Working Papers, 2000 Financial crises are endogenized through corporate and interbank market institutions. Single-bank financing leads to a pooling equilibrium in the interbank market. With private information about one’s own solvency, the best illiquid banks will not borrow but rather will liquidate some premature assets.
Haizhou Huang, Chenggang Xu
+11 more sources
The impact of financial contagion on real economy-An empirical research based on combination of complex network technology and spatial econometrics model. [PDF]
PLoS One, 2020 This study presents financial network indicators that can be applied to inspect the financial contagion on real economy, as well as the spatial spillover and industry aggregation effects.
Chen X, Hao A, Li Y.
europepmc +2 more sources
Resilience to Contagion in Financial Networks [PDF]
Mathematical Finance, 2011 Propagation of balance-sheet or cash-flow insolvency across financial institutions may be modeled as a cascade process on a network representing their mutual exposures. We derive rigorous asymptotic results for the magnitude of contagion in a large financial network and give an analytical expression for the asymptotic fraction of defaults, in terms of ...
Amini, H, Cont, R, Minca, A
arxiv +11 more sources
Journal of Political Economy, 2000 contagion; bank runs; banking; financial ...
Allen, Franklin, Gale, Douglas
core +3 more sources
The Unholy Trinity of Financial Contagion [PDF]
Journal of Economic Perspectives, 2003 Over the last 20 years, some financial events, such as devaluations or defaults, have triggered an immediate adverse chain reaction in other countries -- which we call fast and furious contagion. Yet, on other occasions, similar events have failed to trigger any immediate international reaction.
Graciela Kaminsky +2 more
openalex +5 more sources
financial market contagion [PDF]
, 2008 The power of the metaphor of contagion—that beliefs, actions, and strategies spread among economic agents like pathogens among biological organisms— causes it to recur in disparate areas of economics. This article focusses on four applications of contagion to economics: social influence or memoryless learning; Bayesian social learning; strategy choice ...
Morgan Kelly
openalex +6 more sources
Pandemic-driven financial contagion and investor behavior: Evidence from the COVID-19. [PDF]
Int Rev Financ Anal, 2022 Yuan Y, Wang H, Jin X.
europepmc +2 more sources
Financial contagion during COVID-19 crisis. [PDF]
Financ Res Lett, 2021 Akhtaruzzaman M, Boubaker S, Sensoy A.
europepmc +2 more sources