Systemic risk in financial networks with two central institutions

	Systemic risk in financial networks with two central institutions
AUT Journal of Mathematics and Computing
مقالات آماده انتشار، پذیرفته شده، انتشار آنلاین از تاریخ 05 آبان 1403
نوع مقاله: Original Article
شناسه دیجیتال (DOI): 10.22060/ajmc.2024.23128.1232
نویسندگان
Mariwan Marif Majeed؛ Erfan Salavati^* ؛ Omid Naghshineh Arjmand
Department of Mathematics and Computer Science, Amirkabir University of Technology (Tehran Polytechnic), Iran
چکیده
Systemic risk in the interbank market is the topic of this article. This market is modeled as a directed graph, where the edges are the bank-to-bank liabilities and bank-to-end users liabilities and the nodes are the banks. Our study extends the modeling paradigm of Amini et al. by adding a second Central node to the system and using the equilibrium equation of the Veraart et al. with some modifications that are better suited to our model. We study the effects of two central nodes on a financial network. It is evident that two central nodes can reduce the end-users shortfall and increase the predicted surplus of the banks when compared to a single central node. We provide a few straightforward examples to demonstrate our findings.
کلیدواژه‌ها
Financial network؛ Central node؛ End user؛ Aggregate surplus

آمار تعداد مشاهده مقاله: 352

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