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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Contagion! Systemic Risk in Financial Networks

Contagion! Systemic Risk in Financial Networks

Hurd, T. R.

Paperback

Series: Springerbriefs in Quantitative Finance

EconomicsInvesting & FinanceGeneral Mathematics

ISBN10: 331933929X
ISBN13: 9783319339290
Publisher: Springer Nature
Published: May 13 2016
Pages: 139
Weight: 0.49
Height: 0.33 Width: 6.14 Depth: 9.21
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.

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