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SUMMARY:Crisis\, contagion and containment policies in financial networks 
 : A dynamic approach - Professor Hubert Kempf (Ecole Normale Superieure de
  Cachan)\, CESifo Research Network Fellow.
DTSTART:20181122T123000Z
DTEND:20181122T133000Z
UID:TALK109132@talks.cam.ac.uk
CONTACT:CERF/CF Admin
DESCRIPTION:We study the dynamics of a connected banking sector where the 
 financial links between banks are explicitly modelled\, including the liqu
 idation procedures in the case of the failure of an individual bank. We us
 e network theory so as to study the propagation of a shock within the sect
 or\, with an arbitrary number of banks\, explicit balance sheets evolving 
 over time\, depending on the failing of connected banks This model of bank
 ing network allows us to simulate the bankruptcy contagion process and qua
 ntify the extent of a banking crisis. It also allows us to assess various 
 forms of prudential policies.
LOCATION:Room W4.05 Cambridge Judge Business School
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