Home  Journals  Finance and Credit  42(474) - 2011 November

Laws of system risks in the credit networks

Available online: 11 November 2011

Subject Heading: BANKING BUSINESS

JEL Classification: 

Currently, many credit markets can be viewed as a dynamic credit network. Evolves, increasing the number of agents and the degree of connectivity increases the risk of viral and systemic crisis of the system. At the same systemic risks due, as a rule, the endogenous forms of credit in the network. It is examined infection channels and their interaction in the development of the financial crisis, especially a cascade of bankruptcies spread across the network, as well as the interdependence of financial stability and the propensity of agents to self-empowerment and recommended guidance on the implementation of research results leading scientists in the work of regulators.

Keywords: networks, credit, systemic risk, bankruptcy cascades, crises, dynamics, management

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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