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 Advanced Smart Grid Functionalities Based on PowerFactory by T. R. Hurd
Cover of the book The Active Image by T. R. Hurd
Cover of the book Contemporary Sex Offender Risk Management, Volume I by T. R. Hurd
Cover of the book Advanced Glaucoma Surgery by T. R. Hurd
Cover of the book Interregionalism across the Atlantic Space by T. R. Hurd
Cover of the book Language Modeling for Automatic Speech Recognition of Inflective Languages by T. R. Hurd
Cover of the book Intelligent Data Analysis and Applications by T. R. Hurd
Cover of the book Business Intelligence by T. R. Hurd
Cover of the book Video Analytics. Face and Facial Expression Recognition and Audience Measurement by T. R. Hurd
Cover of the book Web and Big Data by T. R. Hurd
Cover of the book Joint Preservation in the Adult Knee by T. R. Hurd
Cover of the book Pattern Recognition Applications and Methods by T. R. Hurd
Cover of the book New Trends in Medical and Service Robots by T. R. Hurd
Cover of the book Open Data for Education by T. R. Hurd
Cover of the book Neuroimmune Pharmacology 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