Download or read book Interconnected Networks written by Antonios Garas and published by Springer. This book was released on 2016-02-04 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides an introduction to and overview of the emerging field of interconnected networks which include multilayer or multiplex networks, as well as networks of networks. Such networks present structural and dynamical features quite different from those observed in isolated networks. The presence of links between different networks or layers of a network typically alters the way such interconnected networks behave – understanding the role of interconnecting links is therefore a crucial step towards a more accurate description of real-world systems. While examples of such dissimilar properties are becoming more abundant – for example regarding diffusion, robustness and competition – the root of such differences remains to be elucidated. Each chapter in this topical collection is self-contained and can be read on its own, thus making it also suitable as reference for experienced researchers wishing to focus on a particular topic.
Download or read book Collateral Frameworks written by Kjell G. Nyborg and published by Cambridge University Press. This book was released on 2017 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first book-length study of the importance of collateral frameworks in monetary policy, focusing on the Eurozone and euro crisis.
Download or read book Crisis Transmission in the Global Banking Network written by Galina Hale and published by International Monetary Fund. This book was released on 2016-04-12 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the transmission of financial sector shocks across borders through international bank connections. For this purpose, we use data on long-term interbank loans among more than 6,000 banks during 1997-2012 to construct a yearly global network of interbank exposures. We estimate the effect of direct (first-degree) and indirect (second-degree) exposures to countries experiencing systemic banking crises on bank profitability and loan supply. We find that direct exposures to crisis countries squeeze banks' profit margins, thereby reducing their returns. Indirect exposures to crisis countries enhance this effect, while indirect exposures to non-crisis countries mitigate it. Furthermore, crisis exposures have real effects in that they reduce banks' supply of domestic and cross-border loans. Our results, based on a large global sample, support the notion that interconnected financial systems facilitate shock transmission.
Download or read book Introduction to Agent Based Economics written by Mauro Gallegati and published by Academic Press. This book was released on 2017-08-03 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction to Agent-Based Economics describes the principal elements of agent-based computational economics (ACE). It illustrates ACE's theoretical foundations, which are rooted in the application of the concept of complexity to the social sciences, and it depicts its growth and development from a non-linear out-of-equilibrium approach to a state-of-the-art agent-based macroeconomics. The book helps readers gain a better understanding of the limits and perspectives of the ACE models and their capacity to reproduce economic phenomena and empirical patterns. - Reviews the literature of agent-based computational economics - Analyzes approaches to agents' expectations - Covers one of the few large macroeconomic agent-based models, the Modellaccio - Illustrates both analytical and computational methodologies for producing tractable solutions of macro ACE models - Describes diffusion and amplification mechanisms - Depicts macroeconomic experiments related to ACE implementations
Download or read book Interbank Tiering and Money Center Banks written by Ben Craig and published by . This book was released on 2010 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Network Challenge written by Paul R. Kleindorfer and published by Pearson Prentice Hall. This book was released on 2009 with total page 590 pages. Available in PDF, EPUB and Kindle. Book excerpt: While managers typically view business through the lens of a single firm, this book challenges readers to take a broader view of their enterprises and opportunities. Here, more than 50 leading thinkers in business and many other disciplines take on the challenge of understanding, managing, and leveraging networks.
Download or read book Preface Chapter 1 The Network Imperative Community or Contagion written by and published by Pearson Prentice Hall. This book was released on with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cross Border Financial Surveillance written by Marco A Espinosa-Vega and published by International Monetary Fund. This book was released on 2010-04-01 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Effective cross-border financial surveillance requires the monitoring of direct and indirect systemic linkages. This paper illustrates how network analysis could make a significant contribution in this regard by simulating different credit and funding shocks to the banking systems of a number of selected countries. After that, we show that the inclusion of risk transfers could modify the risk profile of entire financial systems, and thus an enriched simulation algorithm able to account for risk transfers is proposed. Finally, we discuss how some of the limitations of our simulations are a reflection of existing information and data gaps, and thus view these shortcomings as a call to improve the collection and analysis of data on cross-border financial exposures.
Download or read book The Network Challenge Chapter 21 written by Franklin Allen and published by Pearson Education. This book was released on 2009-05-19 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modern financial systems exhibit a high degree of interdependence, with connections between financial institutions stemming from both the asset and the liability sides of their balance sheets. Networks--broadly understood as a collection of nodes and links between nodes--can be a useful representation of financial systems. By modeling economic interactions, network analysis can better explain certain economic phenomena. In this chapter, Allen and Babus argue that the use of network theories can enrich our understanding of financial systems. They explore several critical issues. First, they address the issue of systemic risk, by studying two questions: how resilient financial networks are to contagion, and how financial institutions form connections when exposed to the risk of contagion. Second, they consider how network theory can be used to explain freezes in the interbank market. Third, they examine how social networks can improve investment decisions and corporate governance, based on recent empirical results. Fourth, they examine the role of networks in distributing primary issues of securities. Finally, they consider the role of networks as a form of mutual monitoring, as in microfinance.
Download or read book IMF Research Bulletin March 2014 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2014-03-27 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Research Summaries in the March 2014 Research Bulletin focus on efficiency of health expenditure (Francesco Grigoli and Javier Kapsoli) and employment growth in European Union countries (Bas B. Bakker and Li Zeng). The Q&A article looks at “Seven Questions on Financial Interconnectedness” (Co-Pierre Georg and Camelia Minoiu). The Research Bulletin also includes a listing of IMF Working Papers, Staff Discussion Notes, and Recommended Readings from the IMF Bookstore. Information on the IMF Economic Review—the research journal of the IMF—is also provided.
Download or read book The Effect of the Interbank Network Structure on Contagion and Common Shocks written by Co-Pierre Georg and published by . This book was released on 2016 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper proposes a dynamic multi-agent model of a banking system with central bank. Banks optimize a portfolio of risky investments and riskless excess reserves according to their risk, return, and liquidity preferences. They are linked via interbank loans and face stochastic deposit supply. Evidence is provided that the central bank stabilizes interbank markets in the short-run only. Comparing different interbank network structures, it is shown that money-center networks are more stable than random networks. Systemic risk via contagion is compared to common shocks and it is shown that both forms of systemic risk require different optimal policy responses.
Download or read book The Handbook of Global Shadow Banking Volume II written by Luc Nijs and published by Springer Nature. This book was released on 2020-06-30 with total page 759 pages. Available in PDF, EPUB and Kindle. Book excerpt: This global handbook provides an up-to-date and comprehensive overview of shadow banking, or market-based finance as it has been recently coined. Engaging in financial intermediary services outside of normal regulatory parameters, the shadow banking sector was arguably a critical factor in causing the 2007-2009 financial crisis. This second volume explores three particular domains of shadow banking. The first domain deals with the macro-economic fundamentals of the respective shadow banking segments: Why do they exist, what problems do they solve and why are some of their embedded risks so persistent? The second domain captures the global dimensions of shadow banking markets, reviewing the particularities and specifics of various shadow banking systems around the world. Volume II concludes with an extensive overview of how the sector has changed since the financial crisis, focusing on regulatory arbitrage, contract imperfection and governance. Closing on unresolved issues and open-ended questions that will no doubt remain prominent in the shadow banking sector for years to come, this handbook is a must-read for professionals and policy-makers within the banking sector, as well as those researching economics and finance.
Download or read book New Zealand written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2017-05-10 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Technical Note discusses the results of stress testing of the banking sector and systemic risk analysis for New Zealand. The banking sector, which dominates the financial system, has significant exposure to real estate. A sharp decline in the real estate market, a prolonged period of low dairy prices, deterioration in global economic conditions, and a tightening in financial markets would adversely impact the system. Despite these risks, the banking system is resilient to severe shocks. Results of stress tests and sensitivity analysis indicate that the solvency and liquidity of the banking system can withstand adverse and severe shocks.
Download or read book How to Capture Macro Financial Spillover Effects in Stress Tests written by Mr.Heiko Hesse and published by International Monetary Fund. This book was released on 2014-06-12 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the challenges of financial stability analysis and bank stress testing is how to establish scenarios with meaningful macro-financial linkages, i.e., taking into account spillover effects and other forms of contagion. We come up with an approach to simulate the potential impact of spillover effects based on the “traditional” design of macro-economic stress tests. Specifically, we examine spillover effects observed during the financial crisis and simulate their impact on banks’ liquidity and capital positions. The outcome suggests that spillover effects have a highly non-linear impact on bank soundness, both in terms of liquidity and solvency.
Download or read book Inclusive Financial Development written by Ahmad, Ahmad H. and published by Edward Elgar Publishing. This book was released on 2021-10-19 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inclusive Financial Development provides theoretical and empirical analyses of the nature of financial inclusion. The contributing authors explore the impediments to inclusion that exist around the world, the macro and stability implications, and the regulation dimension.
Download or read book FinTech Regulation written by Valerio Lemma and published by Springer Nature. This book was released on 2020-04-25 with total page 506 pages. Available in PDF, EPUB and Kindle. Book excerpt: Responding to growing interest in new regulations adopted by the EU, US, and UK authorities, this book provides a comprehensive overview of the legal and economic aspects of FinTech and the current regulation surrounding it. In particular, the book observes the technological evolution of finance and the ‘economic space’ that lies between the regulated market and the illegal circulation of capital. Analysing laws that influence the application of technology to the banking and finance sector, the author considers market infrastructure and illustrates how firms execute their activities on a global scale, away from the scope of public supervision and monetary backstops. With globalisation and digitalisation boosting efficiency, the economical relevance of technology is becoming ever more important and therefore this book provides a much-needed examination of the current trends in FinTech regulation, making it an essential read for those researching financial markets, and professionals within the industry.
Download or read book AngularJS Maintaining Web Applications written by Rodrigo Branas and published by Packt Publishing Ltd. This book was released on 2016-04-22 with total page 1783 pages. Available in PDF, EPUB and Kindle. Book excerpt: Get started with speed building AngularJS applications, and scale up to a full-stack web application, using the existing AngularJS framework without the trouble of migrating to Angular 2 About This Book Follow the best practices of the framework to organize and modularize your application Get to grips with Angular's Model-View-Controller architecture Create application modules with maximum reusability and extensibility Structure and use AngularJS applications in your MEAN project in your MEAN project Who This Book Is For This course is for people who want to discover how they can improve their current web applications with the existing version of Angular without having to worry much about migrating to AngularJS 2 What You Will Learn Install and set up the AngularJS framework Create your own full-featured and robust AngularJS web apps Create reusable directives and then extend the behavior of HTML on your web page Optimize and maintain your web applications Create more powerful full-stack web applications, that draw on the combined power of AngularJS, Node.js, MongoDB, and Express in the MEAN stack In Detail The AngularJS course is a journey to help you improve and scale your current web applications with the existing version of Angular without having to worry about migration to Angular 2. The course is divided into four modules. The first part—AngularJS Essentials is like a practical guide, filled with many step-by-step examples that will lead you through the best practices of AngularJS. After a brief introduction, you will learn how to create reusable components with directives. You will then take a look at many data handling techniques, discover a complete set of technologies that are capable to accomplish any challenge related to present, transform, and validate data on the user's interface. Finally, you will discover the best way to deal with the scope and how to break up the application into separate modules, giving rise to reusable and interchangeable libraries. With this you've crossed a milestone and are about to enter the world of learning by example. In the next part—Learning AngularJS By Example, you will learn how to effectively build apps using the AngularJS platform. You will be building multiple apps on this platform ranging from simple ones to more complex ones. In this module, you will roll up your coding sleeves and create a serious AngularJS application by example – a rich featured workout app. Take the coding a step at a time at first, then once you're coding a full app in this module, a lot of AngularJS will fall right into place for you. The third module—AngularJS Web Application Development Cookbook, will get you accustomed to the AngularJS concept armed with a solid understanding of how it works, insight into the best ways to wield it in real-world applications, and annotated code examples. It is a rich library of AngularJS coding solutions that you can use straight away in your own code projects. You are just a step away from completing this learning path of AngularJS. The name of the next part—MEAN Web Development itself assures that you are nearing the destination. The idea is simple with this part, you'll take MongoDB as the database, Express as the web framework, AngularJS as the frontend framework, and Node.js as the platform, and combine them together in a modular approach that will ensure the flexibility needed in modern software development. This is also your graduation to full-stack web development, which can open many new coding and career opportunities for you! Style and approach Get up to speed building AngularJS applications, then improve and scale full-stack web applications, using the existing AngularJS framework without the trouble of migrating to Angular 2
