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The Federal Reserve Chair, the Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC), and banking regulators assemble policy and guidance during a financial crisis in the United States."}},"@type": "Question","name": "What Aid Does the FDIC Provide During a Period of Financial Contagion?","acceptedAnswer": "@type": "Answer","text": "The Federal Deposit Insurance Corporation (FDIC), formed following the Great Depression, insures the bank deposits of individuals of up to $250,000 should a financial crisis occur.","@type": "Question","name": "What Is the Bank Term Funding Program?","acceptedAnswer": "@type": "Answer","text": "The Bank Term Funding Program (BTFP) was created in March 2023 following the collapse of Silicon Valley Bank. To prevent panic and financial contagion, it makes additional funding available to eligible depository institutions to help assure banks can meet the needs of all their depositors. The BTFP offers loans of up to one year in length to banks, savings associations, credit unions, and other eligible depository institutions. "]} ] }] We Care About Your PrivacyWe and our 100 partners store and/or access information on a device, such as unique IDs in cookies to process personal data. You may accept or manage your choices by clicking below, including your right to object where legitimate interest is used, or at any time in the privacy policy page. These choices will be signaled to our partners and will not affect browsing data.We and our partners process data to provide:Store and/or access information on a device. Use limited data to select advertising. Create profiles for personalised advertising. Use profiles to select personalised advertising. Create profiles to personalise content. Use profiles to select personalised content. Measure advertising performance. Measure content performance. Understand audiences through statistics or combinations of data from different sources. Develop and improve services. Use limited data to select content. List of Partners (vendors)
On March 10, 2023, Silicon Valley Bank failed after a bank run, marking the second-largest bank failure in United States history and the largest since the 2008 financial crisis, and federal regulators implemented measures to prevent financial contagion.
The Bank Term Funding Program (BTFP) was created in March 2023 following the collapse of Silicon Valley Bank. To prevent panic and financial contagion, it makes additional funding available to eligible depository institutions to help assure banks can meet the needs of all their depositors. The BTFP offers loans of up to one year in length to banks, savings associations, credit unions, and other eligible depository institutions.
In this review, we explore social contagion as an understudied risk factor for non-suicidal self-injury (NSSI) among adolescents and young adults, populations with a high prevalence of NSSI. We review empirical studies reporting data on prevalence and risk factors that, through social contagion, may influence the transmission of NSSI. Findings in this literature are consistent with social modeling/learning of NSSI increasing risk of initial engagement in NSSI among individuals with certain individual and/or psychiatric characteristics. Preliminary research suggests iatrogenic effects of social contagion of NSSI through primary prevention are not likely. Thus, social contagion factors may warrant considerable empirical attention. Intervention efforts may be enhanced, and social contagion reduced, by implementation of psychoeducation and awareness about NSSI in schools, colleges, and treatment programs.
Like last week in the Facebook group, a community member posted about a particularly painful loss that had left her deep in grief and unable to participate for a few months. Over seventy people responded, saying they had noticed her absence and had worried about her, offering poignant words of comfort. These moments feel like a blessing that ripples out in a kind of blessing contagion.
Like I said, these moments feel like a blessing contagion. Almost every week, I see someone saying they had a really hard week, with no joy they wanted to hold onto\u2014until they read our chorus, and the community\u2019s joy became their joy.
Such a simple gift, and on its own, maybe even strange. But accompanied by her note with that story and that sweet intention, it took on a whole different meaning. The story infuses the object with a life of its own, like what anthropologists call \u201Ccontagion magic,\u201D which is the belief that an object bears traces of those who come in contact with it. To me, it seems like a spell passed through palms\u2014a kind of enchantment.
Governments around the world are responding to the coronavirus disease 2019 (COVID-19) pandemic1, caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), with unprecedented policies designed to slow the growth rate of infections. Many policies, such as closing schools and restricting populations to their homes, impose large and visible costs on society; however, their benefits cannot be directly observed and are currently understood only through process-based simulations2-4. Here we compile data on 1,700 local, regional and national non-pharmaceutical interventions that were deployed in the ongoing pandemic across localities in China, South Korea, Italy, Iran, France and the United States. We then apply reduced-form econometric methods, commonly used to measure the effect of policies on economic growth5,6, to empirically evaluate the effect that these anti-contagion policies have had on the growth rate of infections. In the absence of policy actions, we estimate that early infections of COVID-19 exhibit exponential growth rates of approximately 38% per day. We find that anti-contagion policies have significantly and substantially slowed this growth. Some policies have different effects on different populations, but we obtain consistent evidence that the policy packages that were deployed to reduce the rate of transmission achieved large, beneficial and measurable health outcomes. We estimate that across these 6 countries, interventions prevented or delayed on the order of 61 million confirmed cases, corresponding to averting approximately 495 million total infections. These findings may help to inform decisions regarding whether or when these policies should be deployed, intensified or lifted, and they can support policy-making in the more than 180 other countries in which COVID-19 has been reported7.
Social interactions can trigger emotional contagion between individuals resulting in behavioral synchrony. Emotional contagion can be a very effective and attractive strategy in communication and advertising, and understanding the mechanisms underlying emotional contagion can help marketers to improve their commercial approaches or develop better ones. The purpose of this study is to review and classify the various methodologies and theoretical approaches on emotional contagion, identify the best practices in this domain, and identify ways of gaging and measuring emotional contagion. The study is based on a mini literature review. We identify different mechanisms and approaches to emotional contagion described in the literature. Emotional contagion can be triggered by facial expressions, indirect human interactions, and/or by observing other people's behavior in direct and indirect interactions. Furthermore, emotional contagion can be triggered physiologically or neurologically by synchronizing with the emotional state of others during human interactions. Regarding the assessment and measurement of emotional contagion, we argue that methods based on neuroscience tools are much more accurate and effective than methods based on traditional research approaches. The study identifies guidelines for research on commercial communication through emotional contagion that can be especially interesting for academia and marketing practitioners. The findings are important for field marketers interested in developing new individualized approaches in their commercial strategies and marketing in general. In addition, the study can become the basis of research that further refines and compares the efficacy of the various techniques and tools involved.
Nations are connected by international trade, so trade is an important vehicle for international contagion. Or, to use an unfortunately apt analogy, when trade patterns are simple, the transmission vectors are simple.
Complex networks have been successfully used to describe the spread of diseases in populations of interacting individuals. Conversely, pairwise interactions are often not enough to characterize social contagion processes such as opinion formation or the adoption of novelties, where complex mechanisms of influence and reinforcement are at work. Here we introduce a higher-order model of social contagion in which a social system is represented by a simplicial complex and contagion can occur through interactions in groups of different sizes. Numerical simulations of the model on both empirical and synthetic simplicial complexes highlight the emergence of novel phenomena such as a discontinuous transition induced by higher-order interactions. We show analytically that the transition is discontinuous and that a bistable region appears where healthy and endemic states co-exist. Our results help explain why critical masses are required to initiate social changes and contribute to the understanding of higher-order interactions in complex systems.
Modeling of social contagion processes has been driven by these considerations in several directions. Threshold models assume that, in order to adopt a novel behavior, an individual needs to be convinced by a fraction of his/her social contacts larger than a given threshold11,16,18,19,20,21. The processes considered in such models are usually deterministic. Another modeling framework for social contagion relies instead on generalizations of epidemic-like processes, with stochastic contagion processes whose rates might depend on the number of sources of exposure to which an individual is linked to, i.e., with a complex contagion flavor15,21,22,23,24,25,26. All these models are however still defined on networks of interactions between individuals: even when multiple interactions are needed for a contagion to take place, in both threshold and epidemic-like models, the fundamental building blocks of the system are pairwise interactions, structurally represented by the links of the network on which the process is taking place.
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