Systemic Risk and Complex Networks in Modern Financial Systems
Author: Vincenzo Pacelli
Publisher: Springer Nature
Published:
Total Pages: 419
ISBN-13: 3031649168
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Handbook on Systemic Risk
Author: Jean-Pierre Fouque
Publisher: Cambridge University Press
Published: 2013-05-23
Total Pages: 993
ISBN-13: 1107023432
DOWNLOAD EBOOKThe Handbook on Systemic Risk, written by experts in the field, provides researchers with an introduction to the multifaceted aspects of systemic risks facing the global financial markets. The Handbook explores the multidisciplinary approaches to analyzing this risk, the data requirements for further research, and the recommendations being made to avert financial crisis. The Handbook is designed to encourage new researchers to investigate a topic with immense societal implications as well as to provide, for those already actively involved within their own academic discipline, an introduction to the research being undertaken in other disciplines. Each chapter in the Handbook will provide researchers with a superior introduction to the field and with references to more advanced research articles. It is the hope of the editors that this Handbook will stimulate greater interdisciplinary academic research on the critically important topic of systemic risk in the global financial markets.
Networks: A Very Short Introduction
Author: Guido Caldarelli
Publisher: Oxford University Press
Published: 2012-10-25
Total Pages: 144
ISBN-13: 0199588074
DOWNLOAD EBOOKNetworks are involved in many aspects of everyday life, from food webs in ecology and the spread of pandemics to social networking and public transport. This Very Short Introduction explores the basics of network theory to understand the science of complexity and its importance, using examples from nature, technology, and society, and history.
Systemic Risk
Author: Prasanna Gai
Publisher: Oxford University Press
Published: 2013-03-28
Total Pages: 147
ISBN-13: 0199544492
DOWNLOAD EBOOKThis book applies some of the lessons from network disciplines - such as ecology, epidemiology, and engineering - to study and measure how small probability events can lead to contagion and banking crises on a global scale.
Network Theory and Agent-Based Modeling in Economics and Finance
Author: Anindya S. Chakrabarti
Publisher: Springer Nature
Published: 2019-10-23
Total Pages: 454
ISBN-13: 9811383197
DOWNLOAD EBOOKThis book presents the latest findings on network theory and agent-based modeling of economic and financial phenomena. In this context, the economy is depicted as a complex system consisting of heterogeneous agents that interact through evolving networks; the aggregate behavior of the economy arises out of billions of small-scale interactions that take place via countless economic agents. The book focuses on analytical modeling, and on the econometric and statistical analysis of the properties emerging from microscopic interactions. In particular, it highlights the latest empirical and theoretical advances, helping readers understand economic and financial networks, as well as new work on modeling behavior using rich, agent-based frameworks. Innovatively, the book combines observational and theoretical insights in the form of networks and agent-based models, both of which have proved to be extremely valuable in understanding non-linear and evolving complex systems. Given its scope, the book will capture the interest of graduate students and researchers from various disciplines (e.g. economics, computer science, physics, and applied mathematics) whose work involves the domain of complexity theory.
Complexity in Economic and Social Systems
Author: Stanisław Drożdż
Publisher: MDPI
Published: 2021-05-11
Total Pages: 534
ISBN-13: 3036507949
DOWNLOAD EBOOKThere is no term that better describes the essential features of human society than complexity. On various levels, from the decision-making processes of individuals, through to the interactions between individuals leading to the spontaneous formation of groups and social hierarchies, up to the collective, herding processes that reshape whole societies, all these features share the property of irreducibility, i.e., they require a holistic, multi-level approach formed by researchers from different disciplines. This Special Issue aims to collect research studies that, by exploiting the latest advances in physics, economics, complex networks, and data science, make a step towards understanding these economic and social systems. The majority of submissions are devoted to financial market analysis and modeling, including the stock and cryptocurrency markets in the COVID-19 pandemic, systemic risk quantification and control, wealth condensation, the innovation-related performance of companies, and more. Looking more at societies, there are papers that deal with regional development, land speculation, and the-fake news-fighting strategies, the issues which are of central interest in contemporary society. On top of this, one of the contributions proposes a new, improved complexity measure.
Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance
Author: El Bachir Boukherouaa
Publisher: International Monetary Fund
Published: 2021-10-22
Total Pages: 35
ISBN-13: 1589063953
DOWNLOAD EBOOKThis paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.
Internet of Vehicles - Safe and Intelligent Mobility
Author: Ching-Hsien Hsu
Publisher: Springer
Published: 2015-11-28
Total Pages: 486
ISBN-13: 3319272934
DOWNLOAD EBOOKThis book constitutes the refereed proceedings of the SecondInternational Conference on Internet of Vehicles, IOV 2015, held inChengdu, China, in December 2015. The 40 full papers presented were carefully reviewed and selected from128 submissions. They focus on the following topics: IOV architectures andapplications; intelligent mobility; V2V and M2M communications; and modeling and simulations.
CoMap: Mapping Contagion in the Euro Area Banking Sector
Author: Mehmet Ziya Gorpe
Publisher: International Monetary Fund
Published: 2019-05-10
Total Pages: 63
ISBN-13: 1498312071
DOWNLOAD EBOOKThis paper presents a novel approach to investigate and model the network of euro area banks’ large exposures within the global banking system. Drawing on a unique dataset, the paper documents the degree of interconnectedness and systemic risk of the euro area banking system based on bilateral linkages. We develop a Contagion Mapping model fully calibrated with bank-level data to study the contagion potential of an exogenous shock via credit and funding risks. We find that tipping points shifting the euro area banking system from a less vulnerable state to a highly vulnerable state are a non-linear function of the combination of network structures and bank-specific characteristics.
IMF Research Bulletin, March 2014
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2014-03-27
Total Pages: 15
ISBN-13: 147553423X
DOWNLOAD EBOOKThe Research Summaries in the March 2014 Research Bulletin focus on efficiency of health expenditure (Francesco Grigoli and Javier Kapsoli) and employment growth in European Union countries (Bas B. Bakker and Li Zeng). The Q&A article looks at “Seven Questions on Financial Interconnectedness” (Co-Pierre Georg and Camelia Minoiu). The Research Bulletin also includes a listing of IMF Working Papers, Staff Discussion Notes, and Recommended Readings from the IMF Bookstore. Information on the IMF Economic Review—the research journal of the IMF—is also provided.
