Número:
920
Publicado:
Clasificación JEL:
G21, L14, C63
Palabras clave:
Financial Networks, Contagion, default, Liquidity
Lo más reciente
Joaquín Bernal-Ramírez, Carlos Alberto Arango-Arango, Luis Eduardo Castellanos-Rodríguez
Hector Manuel Zárate-Solano, Norberto Rodríguez-Niño
We implement a modified version of DebtRank, a measure of systemic impact inspired in feedback centrality, to recursively measure the contagion effects caused by the default of a selected financial institution. In our case contagion is a liquidity issue,