How likely is contagion in financial networks?
Interconnections among financial institutions create potential channels for contagion and amplification of shocks to the financial system. We estimate the extent to which interconnections increase expected losses and defaults under a wide range of shock distributions. In contrast to most work on fin...
| Главные авторы: | , |
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| Формат: | Journal article |
| Опубликовано: |
Elsevier
2014
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