tailieunhanh - Direct Federal Financial Interventions and Subsidies in Energy in Fiscal Year 2010

The most well-known contribution to the analysis of contagion through direct linkages in nancial systems is that of Allen and Gale (2000). 2 Using a network structure involving four banks, they demonstrate that the spread of contagion depends crucially on the pattern of interconnectedness between banks. When the network is complete, with all banks having exposures to each other such that the amount of interbank deposits held by any bank is evenly spread over all other banks, the impact of a shock is readily attenuated. Every bank takes a small `hit' and there is no contagion. By contrast, when the network is `incomplete', with banks only having exposures to. | . Energy Information Administration Direct Federal Financial Interventions and Subsidies in Energy in Fiscal Year 2010 JULY 2011 This report was prepared by the . Energy Information Administration EIA the statistical and analytical agency within the . Department of Energy. By law EIA s data analyses and forecasts are independent of approval by any other officer or employee of the United States Government. The views in this report therefore should not be construed as representing those of the . Department of Energy or other Federal agencies. July 2011 Contacts This report Direct Federal Financial Interventions and Subsidies in Energy in Fiscal Year 2010 was prepared under the general guidance of John Conti Assistance Administrator for Energy Analysis J. Alan Beamon at 202 586-2025 email Director Office of Electricity Coal Nuclear and Renewables Analysis and Jim Diefenderfer at 202 586-2432 email . Technical information concerning the content of the report may be obtained from Kevin Lillis at 202 586-3704 email Executive Summary Chapters 1 2 and 4 William Watson at 202 586-1707 email Chapter 2 coal tax expenditures Scott McKee at 202 287-6049 email Chapter 2 Robert Eynon at 202 586-239 email Chapter 3 and James Hewlett at 202 586-9536 email Chapters 4 and 5. Other contributors to the report include Margie Daymude Marie LaRiviere Louise Guey-Lee Robert Schmitt and Peggy Wells. . Energy Information Administration Direct Federal Financial Interventions and Subsidies in Energy in Fiscal Year 2010