Fig. 7

Buffer size and systemic importance of countries in our multilayer threshold model. The colored entries signify that a country i is systemically important for a given year and horizontal threshold, and a white entry signifies that a country is not systemically important. The blue entries correspond to a country being systemically important for a horizontal threshold that is smaller than the baseline value b_i=CAR_i, and the red (and orange) entries indicate systemically important countries for a horizontal threshold that is larger than the baseline. For this plot, we select all countries that are systemically important in at least four years when we use the baseline horizontal threshold