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The bankruptcy problem in financial networks

Michael Stutzer

Economics Letters, 2018, vol. 170, issue C, 31-34

Abstract: The bankruptcy problem of resolving a single debt owed to multiple creditors is extended to financial networks, where there are multiple debtors and creditors.

Keywords: Financial networks; Contagion; Default resolution; Nash Bargaining (search for similar items in EconPapers)
JEL-codes: C78 G21 K22 (search for similar items in EconPapers)
Date: 2018
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Handle: RePEc:eee:ecolet:v:170:y:2018:i:c:p:31-34