Systemic Risk and Stability in Financial Networks

We provide a framework for studying the relationship between the financial network architecture and the likelihood of systemic failures due to contagion of counterparty risk. We show that financial contagion exhibits a form of phase transition as interbank connections increase: as long as the magnit...

Täydet tiedot

Bibliografiset tiedot
Päätekijät: Acemoglu, Daron, Ozdaglar, Asuman, Tahbaz-Salehi, Alireza
Aineistotyyppi: Working Paper
Julkaistu: Cambridge, MA: Department of Economics, massachusetts Institute of Technology 2013
Aiheet:
Linkit:http://hdl.handle.net/1721.1/77606