Michalis Vafopoulos

  1. Looking for grass-root sources of systemic risk: the case of "cheques-as-collateral" network.

    Authors: Michalis Vafopoulos
    Subjects: Risk Management
    Abstract

    The global financial system has become highly connected and complex. Has been
    proven in practice that existing models, measures and reports of financial risk
    fail to capture some important systemic dimensions. Only lately, advisory
    boards have been established in high level and regulations are directly
    targeted to systemic risk. In the same direction, a growing number of
    researchers employ network analysis to model systemic risk in financial
    networks. Current approaches are concentrated on interbank payment network
    flows in national and international level.

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