On global stability of financial networks

On global stability of financial networks

Recent crisis in the global financial world has generated renewed interests in fragilities of global financial networks among economists and regulatory authorities. In particular, a potential vulnerability of the financial networks is the ‘financial contagion’ process in which insolvencies of individual entities propagate through the ‘web of dependencies’ to affect the entire system. In this pa...

Impact of Global Financial Crises on Global Financial Stability and Need for an Alternative Financial System*

Th e main objective of this paper is to highlight the importance of the fi nancial stability of the global fi nancial system particularly aft er the recent global fi nancial crisis of 200809. Th e major causes of diff erent fi nancial crises possess the same pattern of greed among investors, ineffi ciency of government regulators, central banks and other stakeholders. Th ey have miserably faile...

A Survey on Stability Measure of Networks

In this paper we discuss about tenacity and its properties in stability calculation. We indicate relationships between tenacity and connectivity, tenacity and binding number, tenacity and toughness. We also give good lower and upper bounds for tenacity.

Transition Challenges to Stability; Global Financial Stability Report; October 2013

Stability of Global LIFO Networks

It is proved that a general open multi-class queueing network with the Global preempt-resume Last-In-First-Out (G-LIFO) multi-channel discipline is stable under the standard sub-criticality condition j < rj . Here rj is the number of service channels and j = X (i;k)2Gj ivik the `nominal' load in node j; i is the exogenous rate of arrival of customers of class i and vik the mean service time of ...