金融网络中的系统性风险:一项调查

IF 6.8 2区经济学 Q1 ECONOMICS

Annual Review of Economics Pub Date : 2021-08-05 DOI:10.1146/annurev-economics-083120-111540

Matthew O. Jackson,Agathe Pernoud

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引用次数: 0

摘要

我们概述了金融网络和系统性风险之间的关系。我们提出了不同类型系统风险的分类，区分了金融组织之间的直接外部性(例如，违约、相关投资组合、甩卖)，以及感知和反馈效应(例如，银行挤兑、信贷冻结)。我们还讨论了最优监管和救助，系统风险和金融中心的测量，银行对其投资组合和合作伙伴的选择，以及金融网络不断变化的性质。

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Systemic Risk in Financial Networks: A Survey

We provide an overview of the relationship between financial networks and systemic risk. We present a taxonomy of different types of systemic risk, differentiating between direct externalities between financial organizations (e.g., defaults, correlated portfolios, fire sales), and perceptions and feedback effects (e.g., bank runs, credit freezes). We also discuss optimal regulation and bailouts, measurements of systemic risk and financial centrality, choices by banks regarding their portfolios and partnerships, and the changing nature of financial networks.

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来源期刊

Annual Review of Economics ECONOMICS-

CiteScore

9.70

自引率

3.60%

发文量

期刊介绍： The Annual Review of Economics covers significant developments in the field of economics, including macroeconomics and money; microeconomics, including economic psychology; international economics; public finance; health economics; education; economic growth and technological change; economic development; social economics, including culture, institutions, social interaction, and networks; game theory, political economy, and social choice; and more.