Our goal is to capture systemic risk by combining information about the level of fragility of individual economic entities with (a) the network structure of their mutual exposures and (b) the detection of preferential (or avoided) relationships among heterogeneous participants in the credit markets as a whole. Our interdisciplinary approach considers heterogeneity as an essential aspect induced by specialization, learning and repeated adaptation. We will perform empirical investigations and we will devise a model where heterogeneity of the agents is explicitly taken into account and we will evaluate how heterogeneity and networks affect the robustness and resilience properties of the system.
|Data di inizio/fine effettiva||9/15/11 → 9/14/13|
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