Martínez-Jaramillo, Serafín; Pérez, Omar Pérez; … - In: Journal of Economic Dynamics and Control 34 (2010) 11, pp. 2358-2374
Although it is hard to arrive at a widely accepted definition for Systemic Risk; it is generally acknowledged that it is the risk of the occurrence of an event that threatens the well functioning of the system of interest (financial, payments, banking, etc.) sometimes to the point of making its...