Rethinking Financial Contagion. Visentin, G., D'Errico, M., & Battiston, S. 2016.
Rethinking Financial Contagion [link]Paper  abstract   bibtex   
How, and to what extent, does an interconnected financial system endogenously amplify external shocks? This paper attempts to reconcile some apparently different views emerged after the 2008 crisis regarding the nature and the relevance of contagion in financial networks. We develop a common framework encompassing several network contagion models and show that, regardless of the shock distribution and the network topology, precise ordering relationships on the level of aggregate systemic losses hold among models.
@unpublished{visentin2016rethinking,
abstract = {How, and to what extent, does an interconnected financial system endogenously amplify external shocks? This paper attempts to reconcile some apparently different views emerged after the 2008 crisis regarding the nature and the relevance of contagion in financial networks. We develop a common framework encompassing several network contagion models and show that, regardless of the shock distribution and the network topology, precise ordering relationships on the level of aggregate systemic losses hold among models.},
author = {Visentin, Gabriele and D'Errico, Marco and Battiston, Stefano},
booktitle = {Working Paper ssrn 2831143},
keywords = {DOLFINS{\_}T1.4,DOLFINS{\_}T2.1,DOLFINS{\_}WP1,DOLFINS{\_}WP2,DOLFINS{\_}working{\_}paper},
mendeley-tags = {DOLFINS{\_}T1.4,DOLFINS{\_}T2.1,DOLFINS{\_}WP1,DOLFINS{\_}WP2,DOLFINS{\_}working{\_}paper},
title = {{Rethinking Financial Contagion}},
url = {https://papers.ssrn.com/sol3/papers.cfm?abstract{\_}id=2831143},
year = {2016}
}

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