000 03132nam a22005055i 4500
001 978-3-319-33930-6
003 DE-He213
005 20181204134229.0
007 cr nn 008mamaa
008 160507s2016 gw | s |||| 0|eng d
020 _a9783319339306
_9978-3-319-33930-6
024 7 _a10.1007/978-3-319-33930-6
_2doi
040 _aISI Library, Kolkata
050 4 _aHB135-147
072 7 _aKF
_2bicssc
072 7 _aMAT003000
_2bisacsh
072 7 _aKF
_2thema
082 0 4 _a519
_223
100 1 _aHurd, T. R.
_eauthor.
_4aut
_4http://id.loc.gov/vocabulary/relators/aut
245 1 0 _aContagion! Systemic Risk in Financial Networks
_h[electronic resource] /
_cby T. R. Hurd.
264 1 _aCham :
_bSpringer International Publishing :
_bImprint: Springer,
_c2016.
300 _aIX, 139 p. 11 illus., 8 illus. in color.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 1 _aSpringerBriefs in Quantitative Finance,
_x2192-7006
505 0 _aSystemic Risk Basics -- Static Cascade Models -- Random Graph Models -- Percolation and Cascades -- Zero Recovery Default Cascades -- Future Directions for Cascade Models -- Background Material -- References -- Index.
520 _aThis volume presents a unified mathematical framework for the transmission channels for damaging shocks that can lead to instability in financial systems. As the title suggests, financial contagion is analogous to the spread of disease, and damaging financial crises may be better understood by bringing to bear ideas from studying other complex systems in our world. After considering how people have viewed financial crises and systemic risk in the past, it delves into the mechanics of the interactions between banking counterparties. It finds a common mathematical structure for types of crises that proceed through cascade mappings that approach a cascade equilibrium. Later chapters follow this theme, starting from the underlying random skeleton graph, developing into the theory of bootstrap percolation, ultimately leading to techniques that can determine the large scale nature of contagious financial cascades.
650 0 _aFinance.
650 0 _aMacroeconomics.
650 0 _aStatistics.
650 1 4 _aQuantitative Finance.
_0http://scigraph.springernature.com/things/product-market-codes/M13062
650 2 4 _aMacroeconomics/Monetary Economics//Financial Economics.
_0http://scigraph.springernature.com/things/product-market-codes/W32000
650 2 4 _aStatistics for Business/Economics/Mathematical Finance/Insurance.
_0http://scigraph.springernature.com/things/product-market-codes/S17010
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9783319339290
776 0 8 _iPrinted edition:
_z9783319339313
830 0 _aSpringerBriefs in Quantitative Finance,
_x2192-7006
856 4 0 _uhttps://doi.org/10.1007/978-3-319-33930-6
912 _aZDB-2-SMA
942 _cEB
950 _aMathematics and Statistics (Springer-11649)
999 _c426576
_d426576