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Penalties and Contagion in Financial Networks
2019
Cogent Economics & Finance
Contagion and systemic risk, though in existence for quite a while, has seen increasing attention following the last Financial crises. In an attempt to contribute a little to the existing literat u r e ,t h i sw o r kf o c u s e sp r i m a r i l yo nn e tworks in which some paying-firms face systemic fragility through default cascade in specific settings where firms in cyclical connections defaults but defaults cascade without completing a cycle. To capture relevant dynamics to the equilibrium,
doi:10.1080/23322039.2019.1575565
fatcat:qrjwoj3m6zgerjbofv74yioncq