Contagion Systemic Risk in Financial Networks is popular PDF and ePub book, written by T. R. Hurd in 2016-05-25, it is a fantastic choice for those who relish reading online the Mathematics genre. Let's immerse ourselves in this engaging Mathematics book by exploring the summary and details provided below. Remember, Contagion Systemic Risk in Financial Networks can be Read Online from any device for your convenience.
Contagion Systemic Risk in Financial Networks Book PDF Summary
This volume presents a unified mathematical framework for the transmission channels for damaging shocks that can lead to instability in financial systems. As the title suggests, financial contagion is analogous to the spread of disease, and damaging financial crises may be better understood by bringing to bear ideas from studying other complex systems in our world. After considering how people have viewed financial crises and systemic risk in the past, it delves into the mechanics of the interactions between banking counterparties. It finds a common mathematical structure for types of crises that proceed through cascade mappings that approach a cascade equilibrium. Later chapters follow this theme, starting from the underlying random skeleton graph, developing into the theory of bootstrap percolation, ultimately leading to techniques that can determine the large scale nature of contagious financial cascades.
Detail Book of Contagion Systemic Risk in Financial Networks PDF
- Author : T. R. Hurd
- Release : 25 May 2016
- Publisher : Springer
- ISBN : 9783319339306
- Genre : Mathematics
- Total Page : 146 pages
- Language : English
- PDF File Size : 15,7 Mb
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