Cadenas, Pedro; Gzyl, Henryk - In: Journal of risk and financial management : JRFM 14 (2021) 2/73, pp. 1-10
example, what is the smallest loss with that probability. In a banking system, a systemic crisis occurs when all banks default … simultaneously. Using the theoretical work of Wagner, where he proposed a simple model of a banking system in which a systemic crisis …