Author/Editor: Mehmet Ziya Gorpe, Giovanni Covi, Christoffer Kok.

Release Date:May, 2019

This paper presents a novel approach to investigate and model the network of euro area banks’ large exposures within the global banking system. Drawing on a unique dataset, the paper documents the more...

Author/Editor: Anil Ari, Matthieu Darracq-Paries, Christoffer Kok, Dawid Żochowski.

Release Date:December, 2017

We present a model in which shadow banking arises endogenously and undermines market discipline on traditional banks. Depositors' ability to re-optimize in response to crises imposes market more...