Systemic Risk in Financial Networks: A Survey

Matthew Jackson and Agathe Pernoud

Papers from arXiv.org

Abstract: We provide an overview of the relationship between financial networks and systemic risk. We present a taxonomy of different types of systemic risk, differentiating between direct externalities between financial organizations (e.g., defaults, correlated portfolios and firesales), and perceptions and feedback effects (e.g., bank runs, credit freezes). We also discuss optimal regulation and bailouts, measurements of systemic risk and financial centrality, choices by banks' regarding their portfolios and partnerships, and the changing nature of financial networks.

Date: 2020-12
New Economics Papers: this item is included in nep-ban, nep-cba, nep-net and nep-rmg
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Citations: View citations in EconPapers (8)

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Journal Article: Systemic Risk in Financial Networks: A Survey (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:2012.12702

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