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Economics and Finance seminar series

Wednesday, 14 November 2018
15:30 to 17:00
Dr. Sailesh Tanna
Durham University Business School, MHL 453

Dr. Sailesh Tanna, from Coventry University, will be speaking at this seminar. For more information about the speaker click here

Dr. Sailesh Tanna, from Coventry University, will be speaking about:

Financial Contagion in a Core-Periphery Network

This paper studies financial contagion in a core-periphery interbank network where core banks are large in balance sheet size while periphery banks are smaller and link only with the core banks. Core banks are all bilaterally linked and intermediate liquidity for periphery banks. We show that the failure of core banks does not necessarily imply the contagious failure of periphery banks; the core-periphery network structure exhibits a ‘robust-yet-fragile’ tendency with increased size of core banks; and the resilience of the network depends on the number of core banks, periphery banks and the level of interbank liquidity intermediated between the core banks.