Systemic Risk in Financial Networks: A Survey
العنوان: | Systemic Risk in Financial Networks: A Survey |
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المؤلفون: | Agathe Pernoud, Matthew O. Jackson |
المصدر: | Annual Review of Economics. 13:171-202 |
بيانات النشر: | Annual Reviews, 2021. |
سنة النشر: | 2021 |
مصطلحات موضوعية: | Economics and Econometrics, 050208 finance, Financial networks, Supply chain, 05 social sciences, Bank run, Financial system, Taxonomy (general), 0502 economics and business, Default risk, Systemic risk, Business, 050207 economics, Economic bubble, Externality |
الوصف: | 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, fire sales), 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. |
تدمد: | 1941-1391 1941-1383 |
DOI: | 10.1146/annurev-economics-083120-111540 |
URL الوصول: | https://explore.openaire.eu/search/publication?articleId=doi_________::ec87c5519325acd869062c27b424b835 https://doi.org/10.1146/annurev-economics-083120-111540 |
Rights: | OPEN |
رقم الانضمام: | edsair.doi...........ec87c5519325acd869062c27b424b835 |
قاعدة البيانات: | OpenAIRE |
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