The robust-yet-fragile nature of financial systems -- Systemic liquidity crises -- Dynamic credit relationships -- Covered bonds and systemic risk -- Quantifying systemic risk -- Financial system resilience
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SUMMARY OR ABSTRACT
Text of Note
This text applies some of the lessons from network disciplines - such as ecology, epidemiology, and engineering - to study and measure how small probability events can lead to contagion and banking crises on a global scale