An optimization view of financial systemic risk
Financial institutions are interconnected directly by holding debt claims against each other (the network channel), and they are also bound by market liquidity in selling assets to meet debt liabilities when facing distress (the liquidity channel). The goal of our study is to investigate how these t...
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| Format: | Others |
| Language: | English Chinese |
| Published: |
2015
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| Online Access: | http://repository.lib.cuhk.edu.hk/en/item/cuhk-1291521 |