Contagion! Systemic Risk in Financial Networks - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Contagion! Systemic Risk in Financial Networks write by T. R. Hurd. This book was released on 2016-05-25. Contagion! Systemic Risk in Financial Networks available in PDF, EPUB and Kindle. This volume presents a unified mathematical framework for the transmission channels for damaging shocks that can lead to instability in financial systems. As the title suggests, financial contagion is analogous to the spread of disease, and damaging financial crises may be better understood by bringing to bear ideas from studying other complex systems in our world. After considering how people have viewed financial crises and systemic risk in the past, it delves into the mechanics of the interactions between banking counterparties. It finds a common mathematical structure for types of crises that proceed through cascade mappings that approach a cascade equilibrium. Later chapters follow this theme, starting from the underlying random skeleton graph, developing into the theory of bootstrap percolation, ultimately leading to techniques that can determine the large scale nature of contagious financial cascades.
Contagion! Systemic Risk in Financial Networks
Contagion! Systemic Risk in Financial Networks - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Contagion! Systemic Risk in Financial Networks write by T. R. Hurd. This book was released on 2016-05-13. Contagion! Systemic Risk in Financial Networks available in PDF, EPUB and Kindle. This volume presents a unified mathematical framework for the transmission channels for damaging shocks that can lead to instability in financial systems. As the title suggests, financial contagion is analogous to the spread of disease, and damaging financial crises may be better understood by bringing to bear ideas from studying other complex systems in our world. After considering how people have viewed financial crises and systemic risk in the past, it delves into the mechanics of the interactions between banking counterparties. It finds a common mathematical structure for types of crises that proceed through cascade mappings that approach a cascade equilibrium. Later chapters follow this theme, starting from the underlying random skeleton graph, developing into the theory of bootstrap percolation, ultimately leading to techniques that can determine the large scale nature of contagious financial cascades.
Monitoring Systemic Risk and Contagion in Financial Networks
Monitoring Systemic Risk and Contagion in Financial Networks - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Monitoring Systemic Risk and Contagion in Financial Networks write by Ali Rais Shaghaghi. This book was released on 2014. Monitoring Systemic Risk and Contagion in Financial Networks available in PDF, EPUB and Kindle.
Handbook on Systemic Risk
Handbook on Systemic Risk - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Handbook on Systemic Risk write by Jean-Pierre Fouque. This book was released on 2013-05-23. Handbook on Systemic Risk available in PDF, EPUB and Kindle. The Handbook on Systemic Risk, written by experts in the field, provides researchers with an introduction to the multifaceted aspects of systemic risks facing the global financial markets. The Handbook explores the multidisciplinary approaches to analyzing this risk, the data requirements for further research, and the recommendations being made to avert financial crisis. The Handbook is designed to encourage new researchers to investigate a topic with immense societal implications as well as to provide, for those already actively involved within their own academic discipline, an introduction to the research being undertaken in other disciplines. Each chapter in the Handbook will provide researchers with a superior introduction to the field and with references to more advanced research articles. It is the hope of the editors that this Handbook will stimulate greater interdisciplinary academic research on the critically important topic of systemic risk in the global financial markets.
Systemic Risk, Contagion, and Financial Networks
Systemic Risk, Contagion, and Financial Networks - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Systemic Risk, Contagion, and Financial Networks write by Matteo Chinazzi. This book was released on 2015. Systemic Risk, Contagion, and Financial Networks available in PDF, EPUB and Kindle. The recent crisis has highlighted the crucial role that existing linkages among banks and financial institutions plays in channeling and amplifying shocks hitting the system. The structure and evolution of such web of linkages can be fruitfully characterized using concepts borrowed from the theory of (complex) networks. This paper critically surveys recent theoretical work that exploits this concept to explain the sources of contagion and systemic risk in financial markets. We taxonomize existing contributions according to the impact of network connectivity, bank heterogeneity, existing uncertainty in financial markets, portfolio composition of the banks. We end with a discussion of the most important challenges faced by theoretical network-based models of systemic risk. These include a better understanding of the causal links between network structure and the likelihood of systemic risk and increasingly using the empirical knowledge about real-world financial-network structures to calibrate theoretical models.
