G2TT
来源类型FEEM working papers "Note di lavoro" series
规范类型论文
The Formation of Financial Networks
Ana Babus
发表日期2007
出处Climate Change and Sustainable Development
出版年2007
语种英语
摘要Modern banking systems are highly interconnected. Despite their various benefits, the linkages that exist between banks carry the risk of contagion. In this paper we investigate how banks decide on direct balance sheet linkages and the implications for contagion risk. In particular, we model a network formation process in the banking system. Banks form links order to reduce the risk of contagion. The network is formed endogenously and serves as an insurance mechanism. We show that banks manage to form networks that are resilient to contagion. Thus, in an equilibrium network, the probability of contagion is virtually 0.
特色分类C70,G21
关键词Financial Stability,Network Formation,Contagion Risk
URLhttps://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/the-formation-of-financial-networks/
来源智库Fondazione Eni Enrico Mattei (Italy)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/117487
推荐引用方式
GB/T 7714
Ana Babus. The Formation of Financial Networks. 2007.
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