Results 31 to 40 of about 10,294,418 (372)
Systemic Risk in Financial Networks: A Survey [PDF]
Social Science Research Network, 2020 We provide an overview of the relationship between financial networks and systemic risk. We present a taxonomy of different types of systemic risk, differentiating between direct externalities between financial organizations (e.g., defaults, correlated ...
Matthew O. Jackson, Agathe Pernoud
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Bailouts in Financial Networks
CoRR, 2021 We consider networks of banks with assets and liabilities. Some banks may be insolvent, and a central bank can decide which insolvent banks, if any, to bail out. We view bailouts as an optimization problem where the central bank has given resources at its disposal and an objective it wants to maximize.
Beni Egressy, Roger Wattenhofer
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The geometry of suspicious money laundering activities in financial networks
EPJ Data Science, 2022 Corruption and organized crime are social problems that affect different communities around the world, involving public and private organizations in diverse sectors and activities.
Oscar M. Granados, Andrés Vargas
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The structure of financial networks, and Western Balkan banking systems [PDF]
Ekonomski Anali, 2019 This paper analyses the structure of the part of the global financial network that the banking systems of the Western Balkan countries belong to for the period 2007-2013.
Cvijanović Dražen
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An Axiomatization of the Proportional Rule in Financial Networks
Management Sciences, 2021 The most important rule to determine payments in real-life bankruptcy problems is the proportional rule. Many such bankruptcy problems are characterized by network aspects, and the values of the agents’ assets are endogenous as they depend on the extent ...
Péter Csóka, Péter Csóka, P. Herings
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Applied Network Science, 2018 Over the last decades, both advanced and emerging economies have experienced a striking increase in the intra-financial activity across different asset classes and increasingly complex contract types, leading to a far more complex financial system. Until
Chiara Perillo, Stefano Battiston
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Incentivizing Resilience in Financial Networks [PDF]
, 2016 When banks extend loans to each other, they generate a negative externality in the form of systemic risk. They create a network of interbank exposures by which they expose other banks to potential insolvency cascades.
Leduc, Matt V., Thurner, Stefan
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Contagion in Financial Networks [PDF]
Journal of Economic Literature, 2015 The recent financial crisis has prompted much new research on the interconnectedness of the modern financial system and the extent to which it contributes to systemic fragility. Network connections diversify firms' risk exposures, but they also create channels through which shocks can spread by contagion.
Glasserman, P, Young, P
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Uniqueness of Clearing Payment Matrices in Financial Networks
Mathematics of Operations Research, 2021 We study bankruptcy problems in financial networks in the presence of general bankruptcy laws. The set of clearing payment matrices is shown to be a lattice, which guarantees the existence of a greatest clearing payment and a least clearing payment ...
P. Csóka, Jean-Jacques Herings
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The Role of Entropy in Estimating Financial Network Default Impact
Entropy, 2018 Agents in financial networks can simultaneously be both creditors and debtors, creating the possibility that a default may cause a subsequent default cascade. Resolution of unpayable debts in these situations will have a distributional impact.
Michael Stutzer
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