Results 1 to 10 of about 112,232 (25)

Goodhart, Charles A.E. and Tsomocos, Dimitros P.: The challenge of financial stability: a new model and its applications [PDF]

Journal of Economics 109, 2 (2013) 201-205, 2013
This review of the book "The Challenge of Financial Stability: A New Model and its Applications" by Goodhart C.A.E. and Tsomocos D.P. highlights the potential of the framework of strategic partial default of banks with credit chain on the interbank market for further theoretical and applied research on financial stability.
arxiv   +1 more source

Pathways towards instability in financial networks [PDF]

Nature Communications 8, 14416 (2017), 2016
Following the financial crisis of 2007-2008, a deep analogy between the origins of instability in financial systems and complex ecosystems has been pointed out: in both cases, topological features of network structures influence how easily distress can spread within the system.
arxiv   +1 more source

A basic macroeconomic agent-based model for analyzing monetary regime shifts [PDF]

, 2022
In macroeconomics, an emerging discussion of alternative monetary systems addresses the dimensions of systemic risk in advanced financial systems. Monetary regime changes with the aim of achieving a more sustainable financial system have already been discussed in several European parliaments and were the subject of a referendum in Switzerland. However,
arxiv   +1 more source

Feedback effect between Volatility of capital flows and financial stability: evidence from Democratic Republic of Congo [PDF]

, 2017
Financial system being the place of metting capital flows (equality between saving and investment), a volatility of capital flows can destroy the robustness and good working of financial system, it means subvert financial stability. The same a weak financial system, few regulated and bad manage can exacerbate volatility of capital flows and finely ...
arxiv   +1 more source

Use of Federated Learning and Blockchain towards Securing Financial Services [PDF]

arXiv, 2023
In recent days, the proliferation of several existing and new cyber-attacks pose an axiomatic threat to the stability of financial services. It is hard to predict the nature of attacks that can trigger a serious financial crisis. The unprecedented digital transformation to financial services has been accelerated during the COVID-19 pandemic and it is ...
arxiv  

On Global Stability of Financial Networks [PDF]

Journal of Complex Networks, 2(3), 313-354, 2014, 2012
The recent financial crisis have generated renewed interests in fragilities of global financial networks among economists and regulatory authorities. In particular, a potential vulnerability of the financial networks is the "financial contagion" process in which insolvencies of individual entities propagate through the "web of dependencies" to affect ...
arxiv   +1 more source

Cross-border Portfolio Investment Networks and Indicators for Financial Crises [PDF]

Scientific Reports (4), 3991, 2014, 2013
Cross-border equity and long-term debt securities portfolio investment networks are analysed from 2002 to 2012, covering the 2008 global financial crisis. They serve as network-proxies for measuring the robustness of the global financial system and the interdependence of financial markets, respectively. Two early-warning indicators for financial crises
arxiv   +1 more source

Estimating the impact of supply chain network contagion on financial stability [PDF]

arXiv, 2023
Realistic credit risk assessment, the estimation of losses from counterparty's failure, is central for the financial stability. Credit risk models focus on the financial conditions of borrowers and only marginally consider other risks from the real economy, supply chains in particular. Recent pandemics, geopolitical instabilities, and natural disasters
arxiv  

Contingent Convertible Obligations and Financial Stability [PDF]

arXiv, 2020
This paper investigates whether a financial system can be made more stable if financial institutions share risk by exchanging contingent convertible (CoCo) debt obligations. The question is framed in a financial network model of debt and equity interlinkages with the addition of a variant of the CoCo that converts continuously when a bank's equity-debt
arxiv  

Investigating Online Financial Misinformation and Its Consequences: A Computational Perspective [PDF]

arXiv, 2023
The rapid dissemination of information through digital platforms has revolutionized the way we access and consume news and information, particularly in the realm of finance. However, this digital age has also given rise to an alarming proliferation of financial misinformation, which can have detrimental effects on individuals, markets, and the overall ...
arxiv