A CRITICAL REVIEW OF CONTAGION RISK IN BANKING
比较了银行体系传染风险的现有理论与实证文献，指出银行间市场结构、银行规模、关联性、投资相关性和监管透明度是决定传染可能性的关键因素，并讨论了不同研究发现及未来研究方向。
Abstract The recent financial crisis has focused the attention of scholars and policymakers on how to improve financial stability through better macro‐prudential regulation and supervision. In this paper, we compare the existing theoretical and empirical literature on contagion through the banking system. It is argued that the structure of the interbank market, the size of banks, the linkages among them, the level of correlation of their investments and the transparency of the regulator are key factors in determining the possibility of contagion. We discuss the different findings and present avenues for future research.