The Bankruptcy Problem in Financial Networks

2018 ◽  
Author(s):  
Michael Jay Stutzer
Keyword(s):  
Financial Networks ◽  
Bankruptcy Problem

Unstable Financial Networks

2009 ◽  
Author(s):  
Gwenaël Moysan ◽  
Camille Cornand
Keyword(s):  
Financial Networks

Contagion in Financial Networks

2007 ◽  
Author(s):  
Prasanna Gai ◽  
Sujit Kapadia
Keyword(s):  
Financial Networks

scholarly journals How financial products organize spatial networks: Analyzing collateralized debt obligations and collateralized loan obligations as “networked products”

2021 ◽  
pp. 0308518X2110296
Author(s):  
Jonathan Beaverstock ◽  
Adam Leaver ◽  
Daniel Tischer
Keyword(s):  
Financial Networks ◽  
Regulatory Regime ◽  
Collateralized Debt Obligations ◽  
The Us ◽  
Collateralized Debt Obligation ◽  
Role Based ◽  
Collateralized Debt ◽  
Collateralized Loan Obligation ◽  
Debt Obligation ◽  
Peak Value

During the 2010s, collateralized loan obligations rapidly became a trillion-dollar industry, mirroring the growth profile and peak value of its cousin—collateralized debt obligations—in the 2000s. Yet, despite similarities in product form and growth trajectory, surprisingly little is known about how these markets evolved spatially and relationally. This paper fills that knowledge gap by asking two questions: how did each network adapt to achieve scale at speed across different jurisdictions; and to what extent does the spatial and relational organization of today's collateralized loan obligation structuration network, mirror that of collateralized debt obligations pre-crisis? To answer those questions, we draw on the global financial networks approach, developing our own concept of the networked product to explore the agentic qualities of collateralized debt obligations and collateralized loan obligations—specifically how their technical and regulatory “needs” shape the roles and jurisdictions enrolled in a global financial network. We use social network analysis to map and analyze the evolving spatial and relational organization that nurtured this growth, drawing on data harvested from offering circulars. We find that collateralized debt obligations spread from the US to Europe through a process of transduplication—that similar role-based network relations were reproduced from one regulatory regime to another. We also find a strong correlation between pre-crisis collateralized debt obligation- and post-crisis collateralized loan obligation-global financial networks in both US$- and €-denominations, with often the same network participants involved in each. We conclude by reflecting on the prosaic way financial markets for ostensibly complex products reproduce and the capacity for network stabilities to produce market instabilities.

scholarly journals DebtRank: Too Central to Fail? Financial Networks, the FED and Systemic Risk

2012 ◽  
Vol 2 (1) ◽  
Author(s):  
Stefano Battiston ◽  
Michelangelo Puliga ◽  
Rahul Kaushik ◽  
Paolo Tasca ◽  
Guido Caldarelli
Keyword(s):  
Systemic Risk ◽  
Financial Networks

EvoBank: an Evolutionary game solution for Bankruptcy problem

2021 ◽  
pp. 100959
Author(s):  
Hamidreza Mahini ◽  
Hamidreza Navidi ◽  
Fatemeh Babaei ◽  
Seyyedeh Mobarakeh Mousavirad
Keyword(s):  
Evolutionary Game ◽  
Bankruptcy Problem
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