Financial Networks
Contagion and Systemic Risk in Financial Networks
... of financial networks (chapter ...of financial distress, the latter being not accounted for by a ranking which segregates institutions solely in terms of their balance sheet ...
235
Financial networks and the globalization of transnational corporations: the case of educational services
... international financial networks is central to facilitating their ...on financial networks with relational approaches to the internationalization of business service firms (Dicken et ...and ...
21
Systemic Risk and Stability in Financial Networks
... the financial network and the extent of contagion ...shocks, financial networks in which banks are only weakly connected to one another are less prone to systemic ...the financial network, the ...
45
Digital currencies in financial networks
... international financial system by replacing cross-border exposures with a higher concentration around the domestic ...and financial stability issues but also distributionary questions, as well as other ...
50
Systemic risk in financial networks
... capitalized) financial networks, while the opposite is true in balancing (lowly capitalized) ...the financial network is unbalancing, whereas the opposite preference relation holds if the state is ...
106
Analyzing Systemic Risk with Financial Networks An Application During a Financial Crash
... Analyzing Systemic Risk with Financial Networks An Application During a Financial Crash Saltoglu, Burak and Yenilmez, Taylan Bogazici University, Center for Economics and Econometrics...[r] ...
34
The price of complexity in financial networks
... of financial regulators, our findings show that the complexity of financial networks may de- crease the ability to mitigate systemic risk, and thus it may increase the social cost of financial ...
6
Dynamic modeling of systemic risk in financial networks
... the financial crisis in 2008, the uncovering of the multitude of causes behind the crisis have made it evident that the standard microprudential methods and metrics for measuring and monitoring risk in the ...
90
Financial Networks and Systemic Risk in China’s Banking System
... modern financial system has attained more and more concerns from academics and policymakers recently, because the financial interlinkages stemming from both asset and liability sides of financial ...
42
Characterisation of survivability resilience with dynamic stock interdependence in financial networks
... Next, we determined the edges of these complex financial networks, based on prede- fined interdependence that characterised a certain relationship or interaction between acting nodes. A considerable number ...
20
Assessing the risk of default propagation in interconnected sectoral financial networks
... One of the most commonly used contagion propagation models corresponds to the cel- ebrated Susceptible–Infected–Susceptible (SIS). In a SIS model, individuals that are cured do not develop permanent immunity, but are ...
20
Contagion in financial networks: a threat index
... that financial systems exhibit a robust-yet-fragile tendency: while greater connectivity reduces the likelihood of widespread default, the impact on the financial system, should problems occur, can be on a ...
37
Contagion in financial networks
... All of these factors affect the stability of the financial system to varying degrees. The key issue is how the network of obligations relates to other potential sources of con- tagion, and whether it serves to ...
54
Essays on Financial Networks and Systemic Risk
... Next we test the robustness of our results by changing the risk metric. In the following tables, we move from a market-based measure of bank risk to a book-based measure, namely the loan-loss provisions to total loans. ...
112
Contagion! The Spread of Systemic Risk in Financial Networks
... recovery cascade mechanisms, such as EN 2001, liquidity hoarding, fire sale models and their extensions. 2 Investigate limits of the LTI approximation[r] ...
34
Essays on financial networks, systemic risk and policy
... of financial crisis, the interaction of institutions and markets leads to situations in which the prices in illiquid markets do not reflect the future payoffs but rather reflect the amount of cash available to the ...
141
Informal Financial Networks: Theory and Evidence
... 0HDVXUHV RI EURNHUEDQN OR\DOW\ DQG KHUGLQJ DUH UHSRUWHG 7KH OR\DOW\ RI EURNHUHG GHDOV DPRQJ EDQNV LV DVVHVVHG YLD WKH HODVWLFLW\ RI WKH FKDQJH LQ D EURNHUV VKDUH RI EXVLQHVV ZLWK WKH EDQ[r] ...
51
Emergence of Complexity in Financial Networks
... director networks, the networks formed by prices correlations and the stock ownership ...of networks display some scale-free properties making them interesting in their ...
28
Social dynamics of financial networks
... In the modern financial system, interbank markets play a fundamental role, in which banks lend to and borrow from each other (hereafter, we refer to all types of financial institutions as “banks” for brevity). Lending and ...
19
Incentivizing Resilience in Financial Networks
... We provide some additional results, such as that a risk management strategy by which lending banks favor the least risky borrowers leads to a unique equilibrium network that is generally inefficient, i.e. it presents ...
40