whether or not to default impacts the incentives of other agents to escape default. Agents' payoffs are determined by the … equilibrium of this default game. Next, we develop an algorithm to find all Nash equilibria that relies on the financial network …

whether or not to default impacts the incentives of other agents to escape default. Agents' payoffs are determined by the … equilibrium of this default game. Next, we develop an algorithm to find all Nash equilibria that relies on the financial network …

This study proposes to assess the vulnerability of banking sector’s credit portfolio under macroeconomic shocks and to … evaluate its impact on banking system capitalization. Our method uses the Global Vector Autoregressive (GVAR) Model to generate … requirement for the banking system level. This article attempts to fill the lacks concerning the stress testing works about …