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Contagion! : systemic risk in financial networks

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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

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Series Title

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Call Number

370

Publisher

Switzerland : Springer., 2016

Collation

ix, 139 pages

Language

English

ISBN/ISSN

9783319339306

Classification

370

Content Type

text

Media Type

computer

Carrier Type

online resource

Edition

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Subject(s)

BUSINESS & ECONOMICS Finance

Specific Detail Info

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Statement of Responsibility

T. R. Hurd

Other Information

Cataloger

Kurnadi

Source

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Validator

maya

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Journal Volume

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Journal Issue

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