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doi: 10.2139/ssrn.2590250
In this paper the contagious effect of the default of one financial institution is discussed. For that purpose, a network model is introduced describing the interconnectedness between different banks as well as their dependencies to the rest of the economy. Then, possible extensions to this model are presented and an overview over the empirical literature using this model to analyze the effect of an idiosyncratic or a systemic shock to the financial sector is given.
citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | 2 | |
popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network. | Average | |
influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | Average | |
impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network. | Average |