Contagion! Systemic Risk in Financial Networks

Nonfiction, Science & Nature, Mathematics, Applied, Business & Finance, Economics, Macroeconomics
Cover of the book Contagion! Systemic Risk in Financial Networks by T. R. Hurd, Springer International Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: T. R. Hurd ISBN: 9783319339306
Publisher: Springer International Publishing Publication: May 25, 2016
Imprint: Springer Language: English
Author: T. R. Hurd
ISBN: 9783319339306
Publisher: Springer International Publishing
Publication: May 25, 2016
Imprint: Springer
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from Springer International Publishing

Cover of the book Data Activism and Social Change by T. R. Hurd
Cover of the book Clinical Pharmacokinetic and Pharmacodynamic Drug Interactions Associated with Antimalarials by T. R. Hurd
Cover of the book Organic Radical Polymers by T. R. Hurd
Cover of the book Applications of EPR in Radiation Research by T. R. Hurd
Cover of the book Dynamic Perspectives on Managerial Decision Making by T. R. Hurd
Cover of the book William Desmond’s Philosophy between Metaphysics, Religion, Ethics, and Aesthetics by T. R. Hurd
Cover of the book Sensors and Microsystems by T. R. Hurd
Cover of the book Basics of PET Imaging by T. R. Hurd
Cover of the book Mendel 2015 by T. R. Hurd
Cover of the book Sedentary Behaviour Epidemiology by T. R. Hurd
Cover of the book From the Paris Agreement to a Low-Carbon Bretton Woods by T. R. Hurd
Cover of the book Ethical Issues in Pediatric Organ Transplantation by T. R. Hurd
Cover of the book Developing Language and Literacy in English across the Secondary School Curriculum by T. R. Hurd
Cover of the book The Future of FinTech by T. R. Hurd
Cover of the book Friedrich List’s Exile in the United States by T. R. Hurd
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy