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Cited by 1,480Banking stability, regulation, efficiencyComplex Systems and Time Series AnalysisComplex Network Analysis Techniques

The DOI matches its Crossref record; 45 of the 45 references it cites were found in a registry or an index.

Systemic risk in banking ecosystems

Haldane, Andrew G., May, Robert M.·2011·Nature
DOI 10.1038/nature09659
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Abstract

In the run-up to the recent financial crisis, an increasingly elaborate set of financial instruments emerged, intended to optimize returns to individual institutions with seemingly minimal risk. Essentially no attention was given to their possible effects on the stability of the system as a whole. Drawing analogies with the dynamics of ecological food webs and with networks within which infectious diseases spread, we explore the interplay between complexity and stability in deliberately simplified models of financial networks. We suggest some policy lessons that can be drawn from such models, with the explicit aim of minimizing systemic risk.

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Research works printed but not linked: 2

  1. Jones, C. Preventing system failure. Cent. Banking 21, 69–75 (2010)The survey of recent thinking about financial networks, in lay language.
  2. Gai, P. & Kapadia, S. Liquidity hoarding, network externalities, and interbank market collapse. Proc. R. Soc. A 466, 2401–2423 (2010) · DOI · Paper page

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Metadata

Authors
Haldane, A. G., & May, R. M.
Affiliations
  • Bank of England (GB)
  • University of Oxford (GB)
Corresponding author
May, Robert M.
ORCID
Haldane, Andrew G.
Venue
Nature
Publisher
Springer Science and Business Media LLC
Published
2011-01
Volume
469
Issue
7330
Pages
351-355
ISSN
  • 0028-0836 (ISSN-L)
  • 1476-4687
DOI
10.1038/nature09659
OpenAlex
W2037102228
Cited by
1,480
References
45
Citations by year
2026: 113 · 2025: 76 · 2024: 78 · 2023: 63 · 2022: 61 · 2021: 93 · 2020: 122 · 2019: 106 · 2018: 95 · 2017: 106 · 2016: 111 · 2015: 109 · 2014: 125 · 2013: 109 · 2012: 63
FWCI
204.22
Type
journal article
Language
en
Open access
closed
Licence
www.springer.com/tdm (tdm)
Locations
  • Nature (publishedVersion)
  • PubMed (publishedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
Topics
  • Social Sciences › Economics, Econometrics and Finance › Finance › Banking stability, regulation, efficiency
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Complex Systems and Time Series Analysis
  • Physical Sciences › Physics and Astronomy › Statistical and Nonlinear Physics › Complex Network Analysis Techniques
Keywords
systemic risk, financial networks, banking sector, 2008 financial crisis, food web models, financial stability policy, financial instruments, network models
MeSH terms
Commerce, Communicable Diseases, Biological Evolution, Financial Management, Humans, Models, Biological, Public Policy, Risk Factors, Risk Management, United States, Ecosystem, Models, Economic, Food Chain, Economic Recession

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