Systemic Risk in Financial Networks: A Survey

التفاصيل البيبلوغرافية
العنوان: Systemic Risk in Financial Networks: A Survey
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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