Cerchiello, Paola; Giudici, Paolo - Dipartimento di Scienze Economiche e Aziendali, … - 2014
Financial network models are a useful tool to model interconnectedness and systemic risks in financial systems. They are essentially descriptive, and based on highly correlated networks. In this paper we embed them in a stochastic framework, aimed at a more parsimonious and more realistic...