The Price of Complexity in Financial Networks

The Price of Complexity in Financial Networks

Financial institutions form multi-layer networks of contracts among each other and exposures to common assets. As a result, the default probability of one institution depends on the default probability of all the other institutions in the network. Here, we show how small errors on the knowledge of t...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awduron:	Battiston, S, Caldarelli, G, May, R, Roukny, T, Stiglitz, J
Fformat:	Journal article
Cyhoeddwyd:	National Academy of Sciences 2016

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