NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The "Big C": Identifying Contagion

Kristin Forbes

NBER Working Paper No. 18465
Issued in October 2012

---- Acknowledgements -----

A longer version of this paper ("The Big C: Identifying and Mitigating Contagion") was prepared for the 2012 Jackson Hole Symposium hosted by the Federal Reserve Bank of Kansas City on 08/31/12 to 09/01/12. This longer version, which includes a detailed discussion of policy options, is available at: http://www.kansascityfed.org/publicat/sympos/2012/kf.pdf. Thanks to symposium participants--and especially Franklin Allen--for insightful comments. Further thanks to Michael Klein for helpful suggestions, and to Gautham Iyer and Neil Zimmerman for providing research assistance. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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