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The price of complexity in financial networks
Financial institutions form multilayer networks by engaging in contracts with each other and by holding exposures to common assets. As a result, the default probability of one institution depends on the default probability of all of the other institutions in the network. Here, we show how small erro...
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Publicado no: | Proc Natl Acad Sci U S A |
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Main Authors: | , , , , |
Formato: | Artigo |
Idioma: | Inglês |
Publicado em: |
National Academy of Sciences
2016
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Assuntos: | |
Acesso em linha: | https://ncbi.nlm.nih.gov/pmc/articles/PMC5018742/ https://ncbi.nlm.nih.gov/pubmed/27555583 https://ncbi.nlm.nih.govhttp://dx.doi.org/10.1073/pnas.1521573113 |
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