منابع مشابه
‘To Market to Market…’ and Risk for Global Disease
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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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The dynamic network of relationships among corporations underlies cascading economic failures including the current economic crisis, and can be inferred from correlations in market value fluctuations. We analyze the time dependence of the network of correlations to reveal the changing relationships among the financial, technology, and basic materials sectors with rising and falling markets and ...
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ژورنال
عنوان ژورنال: Journal of Emerging Market Finance
سال: 2011
ISSN: 0972-6527,0973-0710
DOI: 10.1177/097265271101000204