Self-organized criticality in a model of collective bank bankruptcies

International Journal of Modern Physics C, 2001.

Cited by: 5|Bibtex|Views15|Links
Keywords:
randomly directed percolationmonte carlobusiness failureeconophysics

Abstract:

The question we address here is of whether phenomena of collective bankruptcies are related to self-organized criticality. In order to answer it we propose a simple model of banking networks based on the random directed percolation. We study effects of one bank failure on the nucleation of contagion phase in a financial market. We recogni...More

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