Contagion in the Financial Sector

作者: Maximilian Zwiesler

DOI: 10.2139/SSRN.2590250

关键词:

摘要: In this paper the contagious effect of default one financial institution is discussed. For that purpose, a network model introduced describing interconnectedness between different banks as well their dependencies to rest economy. Then, possible extensions are presented and an overview over empirical literature using analyze idiosyncratic or systemic shock sector given.

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