Role of Recovery in Evolving Protection against Systemic Risk: A Mechanical Perspective in Network-Agent Dynamics

Chulwook Park and Tomas Veloz

Complexity, 2021, vol. 2021, 1-23

Abstract: We propose a model of evolving protection against systemic risk related to recovery. Using the failure potential in network-agent dynamics, we present a process-based simulation that provides insights into alternative interventions and their mechanical uniqueness. The fundamental operating principle of this model is that computation allows greater emphasis on optimizing the recovery within the general regularity of random network dynamics. The rules and processes that are used here could be regarded as useful techniques in systemic risk measurement relative to numerical failure reduction analyses.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:hin:complx:4805404

DOI: 10.1155/2021/4805404

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