Systemic Risk: The Dynamics of Modern Financial Systems

by Prasanna Gai

Book Overview

Systemic Risk opens new ground in the study of financial crises. It treats the financial system as a complex adaptive system and shows how lessons from network disciplines - such as ecology, epidemiology, and statistical mechanics - shed light on our understanding of financial stability. Using tools from network theory and economics, it suggests that financial systems are robust-yet-fragile, with knife-edge properties that are greatly exacerbated...

• Format: Paperback
• Language: English
• ISBN: 0198820410
• ISBN13: 9780198820413
• Release Date: April 2018
• Publisher: Oxford University Press, USA
• Length: 160 Pages
• Weight: 0.55 lbs.
• Dimensions: 0.4" x 6.1" x 9.1"