Crisis, contagion and containment policies in financial networks : A dynamic approach

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• Professor Hubert Kempf (Ecole Normale Superieure de Cachan), CESifo Research Network Fellow.
• Thursday 22 November 2018, 12:30-13:30
• Room W4.05 Cambridge Judge Business School.

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We study the dynamics of a connected banking sector where the financial links between banks are explicitly modelled, including the liquidation procedures in the case of the failure of an individual bank. We use network theory so as to study the propagation of a shock within the sector, with an arbitrary number of banks, explicit balance sheets evolving over time, depending on the failing of connected banks This model of banking network allows us to simulate the bankruptcy contagion process and quantify the extent of a banking crisis. It also allows us to assess various forms of prudential policies.

This talk is part of the Cambridge Finance Workshop Series series.

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