Contagion! Systemic Risk in Financial Networks (SpringerBriefs in Quantitative Finance) - Softcover

Buch 6 von 11: SpringerBriefs in Quantitative Finance

Hurd, T. R. R.

 
9783319339290: Contagion! Systemic Risk in Financial Networks (SpringerBriefs in Quantitative Finance)
Softcover
ISBN 10: 331933929X ISBN 13: 9783319339290
Verlag: Springer, 2016

Inhaltsangabe

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.

Die Inhaltsangabe kann sich auf eine andere Ausgabe dieses Titels beziehen.

Verlag
Springer
Erscheinungsdatum
2016
Sprache
Englisch
ISBN 10 
331933929X
ISBN 13 
9783319339290
Einband
Taschenbuch
Auflage
1
Anzahl der Seiten
152
Kontakt zum Hersteller
ProductSafety@springernature.com
ProductSafety@springernature.com

Poststr. 9
Darmstadt
64293
Deutschland