Matches in SemOpenAlex for { <https://semopenalex.org/work/W4287549642> ?p ?o ?g. }
Showing items 1 to 74 of
74
with 100 items per page.
- W4287549642 abstract "We analyze how interdependencies between organizations in financial networks can lead to multiple possible equilibrium outcomes. A multiplicity arises if and only if there exists a certain type of dependency cycle in the network that allows for self-fulfilling chains of defaults. We provide necessary and sufficient conditions for banks' solvency in any equilibrium. Building on these conditions, we characterize the minimum bailout payments needed to ensure systemic solvency, as well as how solvency can be ensured by guaranteeing a specific set of debt payments. Bailout injections needed to eliminate self-fulfilling cycles of defaults (credit freezes) are fully recoverable, while those needed to prevent cascading defaults outside of cycles are not. We show that the minimum bailout problem is computationally hard, but provide an upper bound on optimal payments and show that the problem has intuitive solutions in specific network structures such as those with disjoint cycles or a core-periphery structure." @default.
- W4287549642 created "2022-07-25" @default.
- W4287549642 creator A5044618645 @default.
- W4287549642 creator A5062775997 @default.
- W4287549642 date "2020-12-22" @default.
- W4287549642 modified "2023-10-18" @default.
- W4287549642 title "Credit Freezes, Equilibrium Multiplicity, and Optimal Bailouts in Financial Networks" @default.
- W4287549642 doi "https://doi.org/10.48550/arxiv.2012.12861" @default.
- W4287549642 hasPublicationYear "2020" @default.
- W4287549642 type Work @default.
- W4287549642 citedByCount "0" @default.
- W4287549642 crossrefType "posted-content" @default.
- W4287549642 hasAuthorship W4287549642A5044618645 @default.
- W4287549642 hasAuthorship W4287549642A5062775997 @default.
- W4287549642 hasBestOaLocation W42875496421 @default.
- W4287549642 hasConcept C10138342 @default.
- W4287549642 hasConcept C114614502 @default.
- W4287549642 hasConcept C120527767 @default.
- W4287549642 hasConcept C139719470 @default.
- W4287549642 hasConcept C144133560 @default.
- W4287549642 hasConcept C144587487 @default.
- W4287549642 hasConcept C145097563 @default.
- W4287549642 hasConcept C162324750 @default.
- W4287549642 hasConcept C175444787 @default.
- W4287549642 hasConcept C17744445 @default.
- W4287549642 hasConcept C183582576 @default.
- W4287549642 hasConcept C185874996 @default.
- W4287549642 hasConcept C199539241 @default.
- W4287549642 hasConcept C2776760741 @default.
- W4287549642 hasConcept C2778215004 @default.
- W4287549642 hasConcept C2778300220 @default.
- W4287549642 hasConcept C2779775300 @default.
- W4287549642 hasConcept C33923547 @default.
- W4287549642 hasConcept C45340560 @default.
- W4287549642 hasConcept C556758197 @default.
- W4287549642 hasConcept C69637215 @default.
- W4287549642 hasConceptScore W4287549642C10138342 @default.
- W4287549642 hasConceptScore W4287549642C114614502 @default.
- W4287549642 hasConceptScore W4287549642C120527767 @default.
- W4287549642 hasConceptScore W4287549642C139719470 @default.
- W4287549642 hasConceptScore W4287549642C144133560 @default.
- W4287549642 hasConceptScore W4287549642C144587487 @default.
- W4287549642 hasConceptScore W4287549642C145097563 @default.
- W4287549642 hasConceptScore W4287549642C162324750 @default.
- W4287549642 hasConceptScore W4287549642C175444787 @default.
- W4287549642 hasConceptScore W4287549642C17744445 @default.
- W4287549642 hasConceptScore W4287549642C183582576 @default.
- W4287549642 hasConceptScore W4287549642C185874996 @default.
- W4287549642 hasConceptScore W4287549642C199539241 @default.
- W4287549642 hasConceptScore W4287549642C2776760741 @default.
- W4287549642 hasConceptScore W4287549642C2778215004 @default.
- W4287549642 hasConceptScore W4287549642C2778300220 @default.
- W4287549642 hasConceptScore W4287549642C2779775300 @default.
- W4287549642 hasConceptScore W4287549642C33923547 @default.
- W4287549642 hasConceptScore W4287549642C45340560 @default.
- W4287549642 hasConceptScore W4287549642C556758197 @default.
- W4287549642 hasConceptScore W4287549642C69637215 @default.
- W4287549642 hasLocation W42875496421 @default.
- W4287549642 hasLocation W42875496422 @default.
- W4287549642 hasOpenAccess W4287549642 @default.
- W4287549642 hasPrimaryLocation W42875496421 @default.
- W4287549642 hasRelatedWork W2168893323 @default.
- W4287549642 hasRelatedWork W2777887483 @default.
- W4287549642 hasRelatedWork W2950347487 @default.
- W4287549642 hasRelatedWork W3122125770 @default.
- W4287549642 hasRelatedWork W3123178880 @default.
- W4287549642 hasRelatedWork W3123436204 @default.
- W4287549642 hasRelatedWork W3124796502 @default.
- W4287549642 hasRelatedWork W3125961814 @default.
- W4287549642 hasRelatedWork W4287549642 @default.
- W4287549642 hasRelatedWork W3124541003 @default.
- W4287549642 isParatext "false" @default.
- W4287549642 isRetracted "false" @default.
- W4287549642 workType "article" @default.