Bank Market Structure, Systemic Risk, and Interbank Market Breakdowns
نویسندگان
چکیده
منابع مشابه
Systemic Risk and Network Formation in the Interbank Market
We propose a novel mechanism to facilitate understanding of systemic risk in financial markets. The literature on systemic risk has focused on two mechanisms, common shocks and domino-like sequential default. We provide a new model that draws on the games-on-networks literature. Transmission in our model is not based on default. Instead, we provide a simple microfoundation of banks’profitabilit...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2010
ISSN: 1556-5068
DOI: 10.2139/ssrn.1669307