This paper builds a network model to study the relation between financial stability and
interconnectedness among banks. In the model, banks adopt a Value-at-Risk rule to …

Banks can be connected to each other in a number of ways. Greater interconnectedness
means that stresses tend to spread more rapidly and extensively across the financial system …

We propose a model of the financial system in which banks are individually prone to runs
and connected through fire sales. Strategic complementarities within and across banks …

This article investigates the impact of global financial integration on liquidity risk. Using the
network approach and bank-level data for 95 countries, we find weak asymmetry in the …

Financial institutions have become increasingly interconnected. How does such financial
interconnectedness affect the operation of financial institutions? This study aims to answer …

This paper provides a framework for categorizing and comparing various measures of
financial interconnectedness. In particular, we distinguish between network and non …

The regulation of large interconnected financial institutions has become a key policy issue.
To improve financial stability, regulators have proposed limiting banks' size and …

When a country's banking system becomes more linked to the global banking network, does
that system get more or less prone to a banking crisis? Using model simulations and …

Using data on publicly traded banks in 61 countries, we examine how the institutional
environment affects the relationship between bank capital and system-wide fragility …

We propose a method for measuring the systemic importance of interconnected banks. In
order to capture contributions to system-wide risk, our measure accounts fully for the extent …