Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/96832
Authors: 
Bougheas, Spiros
Kirman, Alan P.
Year of Publication: 
2014
Series/Report no.: 
CESifo Working Paper 4756
Abstract: 
In this paper we review recent advances in financial economics in relation to the measurement of systemic risk. We start by reviewing studies that apply traditional measures of risk to financial institutions. However, the main focus of the review is on studies that use network analysis paying special attention to those that apply complex analysis techniques. Applications of these techniques for the analysis and pricing of systemic risk has already provided significant benefits at least at the conceptual level but it also looks very promising from a practical point of view.
Subjects: 
complex financial systems
networks
systemic risk
JEL: 
D85
G20
Document Type: 
Working Paper

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