Systemic Risk in Financial Systems: Properties of Equilibria

John Stachurski

Papers from arXiv.org

Abstract: Eisenberg and Noe (2001) analyze systemic risk for financial institutions linked by a network of liabilities. They show that the solution to their model is unique when the financial system is satisfies a regularity condition involving risk orbits. We show that this condition is not needed: a unique solution always exists.

Date: 2022-02
New Economics Papers: this item is included in nep-cwa, nep-net and nep-rmg
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