Systemic Risk in Financial Networks: A Survey
نویسندگان
چکیده
We provide an overview of the relationship between financial networks and systemic risk. present a taxonomy different types risk, differentiating direct externalities organizations (e.g., defaults, correlated portfolios, fire sales), perceptions feedback effects bank runs, credit freezes). also discuss optimal regulation bailouts, measurements risk centrality, choices by banks regarding their portfolios partnerships, changing nature networks.
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ژورنال
عنوان ژورنال: Annual Review of Economics
سال: 2021
ISSN: ['1941-1383', '1941-1391']
DOI: https://doi.org/10.1146/annurev-economics-083120-111540