| 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 |
| URL | https://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. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| NDL2007-069.pdf（296KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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