منابع مشابه
Financial networks
This special issue on Financial Networks consists of a selected collection of eight stateof-the-art papers advancing the frontiers of financial network modeling, analysis, and computations from both theoretical and empirical perspectives by authors from academia and financial services firms who responded to a call for papers in this journal. The growing resurgent interest in this topic is motiv...
متن کاملFinancial Intermediation Networks∗
We study a dynamic model of financial intermediation in which interbank lending is subject to moral hazard, where intermediaries can divert funds towards inefficient projects. We show that despite the presence of moral hazard, secured lending contracts can discipline the investment choices of all market participants — even those with whom they are not directly contracting — thus partially overc...
متن کاملFinancial Networks and Contagion
We model contagions and cascades of failures among organizations linked through a network of financial interdependencies. We identify how the network propagates discontinuous changes in asset values triggered by failures (e.g., bankruptcies, defaults, and other insolvencies) and use that to study the consequences of integration (each organization becoming more dependent on its counterparties) a...
متن کاملContagion in Financial Networks
A the many factors contributing to the financial crisis of 2007–08, the role of the growing interconnectedness of the global financial system is perhaps the least understood. The crisis exposed the fact that regulators and market participants had very limited information about the network of obligations between financial institutions. It also revealed that there was little theoretical understan...
متن کاملPredicting financial statement fraud using fuzzy neural networks
Fraud is a common phenomenon in business, and according to Section 24 of the Iranian Auditing Standards, it is the fraudulent act of one or more managers, employees, or third parties to derive unfair advantage and any intentional or unlawful conduct. Financial statements are a means of transmitting confidential management information about the<br ...
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ژورنال
عنوان ژورنال: Computational Management Science
سال: 2013
ISSN: 1619-697X,1619-6988
DOI: 10.1007/s10287-013-0173-7