Financial Contagion: the Role of Banks

Kollmann, Robert and Malherbe, Frédéric (2012): Financial Contagion: the Role of Banks. Published in: Handbook of Safeguarding Global Financial Stability, Political, Social, Cultural, and Economic Theories and Models (Gerard Caprio, editor), 2012, Vol.2, Oxford: Elsevier. (2012): pp. 139-143.

Abstract

This paper provides an overview of recent theories of international financial contagion, with a focus on models in which the balance sheet constraints of global banks (and other financial institutions) are the key channel of international transmission.

• Item Type: MPRA Paper
• Language: English
• Keywords: global financial crisis, international financial contagion, international financial multiplier, global banks, bank balance sheets, capital ratio, leverage ratio, international interbank market, asset prices, credit losses, bank runs
• Subjects: E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit; F - International Economics > F3 - International Finance; G - Financial Economics > G1 - General Financial Markets; G - Financial Economics > G2 - Financial Institutions and Services

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