The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.
Systemic risk: the dynamics of model banking systems
Open accessAbstract
The recent banking crises have made it clear that increasingly complex strategies for managing risk in individual banks have not been matched by corresponding attention to overall systemic risks. We explore some simple mathematical caricatures for ‘banking ecosystems’, with emphasis on the interplay between the characteristics of individual banks (capital reserves in relation to total assets, etc.) and the overall dynamical behaviour of the system. The results are discussed in relation to potential regulations aimed at reducing systemic risk.
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Citations
Cites
Will a Large Complex System be Stable?
MAY, R. M. (1972) · Nature · doi:10.1038/238413a0 · Cited by 2,869
Self-citationNon-Monetary Effects of the Financial Crisis in the Propagation of the Great Depression
Bernanke, B. (1983) · National Bureau of Economic Research · doi:10.3386/w1054 · Cited by 2,173
May, R. M., Levin, S. A., & Sugihara, G. (2008) · Nature · doi:10.1038/451893a · Cited by 797 · cited 3×
“It is, however, only relatively recently that attention has been focused on banking networks as complex dynamical systems (May et al. 2008).”
BackgroundSelf-citationSimple Lessons from Complexity
Goldenfeld, N., & Kadanoff, L. P. (1999) · Science · doi:10.1126/science.284.5411.87 · Cited by 554
Cited by
Systemic risk in banking ecosystems
Haldane, A. G., & May, R. M. (2011) · Nature · doi:10.1038/nature09659 · Cited by 1,480
Self-citationContagion in financial networks
Gai, P., & Kapadia, S. (2010) · Proceedings of the Royal Society A: Mathematical, Physical and Engineering Sciences · doi:10.1098/rspa.2009.0410 · Cited by 1,163
Stability analysis of financial contagion due to overlapping portfolios
Caccioli, F., Shrestha, M., Moore, C., & Farmer, J. D. (2014) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2014.05.021 · Cited by 383
Coevolution spreading in complex networks
Wang, W., Liu, Q.-H., Liang, J., Hu, Y., & Zhou, T. (2019) · Physics Reports · doi:10.1016/j.physrep.2019.07.001 · Cited by 286
The physics of financial networks
Bardoscia, M., Barucca, P., Battiston, S., Caccioli, F., Cimini, G., Garlaschelli, D., Saracco, F., Squartini, T., & Caldarelli, G. (2021) · Nature Reviews Physics · doi:10.1038/s42254-021-00322-5 · Cited by 281
Metadata
- Authors
- May, R. M., & Arinaminpathy, N.
- Venue
- Journal of The Royal Society Interface
- Publisher
- The Royal Society
- Published
- 2009-10-28
- Volume
- 7
- Issue
- 46
- Pages
- 823-838
- ISSN
- 1742-5662 (ISSN-L)
- 1742-5689
- OpenAlex
- W2117991189
- Cited by
- 272
- References
- 4
- FWCI
- 27.45
- Type
- journal article
- Language
- en
- Open access
- green
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