… i’s equity is larger than zero, i’s creditors take their interbank assets towards i at face value.
However, when bank i’s equity becomes smaller than or equal to zero, i’s … , i’s creditors set the …

The structure of the control network of transnational corporations affects global market
competition and financial stability. So far, only small national samples were studied and there was …

… Instead, s i is a discrete variable with 3 possible states, undistressed, distressed, inactive:
s i ∈ {U, D, I}. Denoting by S f the set of nodes in distress at time 1, the initial conditions are: ; …

… s has essentially two ranges of values: s < 0.05 (ie 5% of agents fail) in the regime of small
cascades and s > … of the value s c taken as definition of “large cascade”, as long as s c > 0.05 . …

… The results of the two exercises are consistent: the system’s VaR in the brown scenario is less
… If we denote by α iS the total exposure of actor i to sector S, we can write α iS = ∑ j∈S α ij …

Traditional economic theory could not explain, much less predict, the near collapse of the
financial system and its long-lasting effects on the global economy. Since the 2008 crisis, there …

In this paper, we present a model of a trust-based recommendation system on a social
network. The idea of the model is that agents use their social network to reach information and …

Climate change has been recently recognised as a new source of risk for the financial system.
Over the last years, several central banks and financial supervisors have recommended …

… Q ij ( K , K - 1 ) Y j ( K - 1 ) , where Y i is the output of firm i, S i is the set of suppliers of firm i,
… Notice that if payments are delayed, we cannot replace Y i s ( t ) with Y i ( t ) in the equation, …

… slope (ie, small σ) there is always a value of m small enough so that F(s) > s for all n ∈]0
1[and thus the only stable point is the one closer to s = 1. The same result applies to Eq. (15). …