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- Title
A network model of financial system resilience.
- Authors
Anand, Kartik; Gai, Prasanna; Kapadia, Sujit; Brennan, Simon; Willison, Matthew
- Abstract
The article discusses a general framework to gauge systemic risk in circumstances when data about the reach of financial exposures are limited and shocks are international in nature. It presents a statistical model of a financial system which is linked together by their claims on each other. The model further highlights how shocks are propagated through the direct interlinkages of claims and obligations among domestic banks and overseas banks.
- Subjects
BANKING industry; FINANCIAL institutions; STATISTICAL models; ECONOMIC systems; INSURANCE claims adjustment; MUNICIPAL bonds
- Publication
Bank of England Quarterly Bulletin, 2012, Vol 52, Issue 3, p249
- ISSN
0005-5166
- Publication type
Article