Systemic risk events constitute an important issue in current financial systems. A leading course of action used to mitigate such events is identification of systemically important agents in order to implement the prudential policies in a financial system. In this paper, a bi-level...

Analysis of systemic risks and contagions is one of the main challenges of policy makers and researchers in the recent years. Network theory is introduced as a main approach in the modeling and simulation of financial and economic systems. In this paper, a simulation model is introduced based on...

Due to the slow diffusion of information in inefficient financial markets, the transmission of idiosyncratic shocks makes financial links among firms and affects their prices. In this paper, we estimate the links among 250 firms on Tehran Stock Exchange using monthly past prices. Then, we...