Garratt, Rodney; Mahadeva, Lavan; Svirydzenka, Katsiaryna - Department of Economics, University of California-Santa … - 2011
Systemic risk among the network of international banking groups arises when financial stress threatens to crisscross many national boundaries and expose imperfect international coordination. To assess this risk, we use Rosvall and Bergstrom’s (PNAS, 2008, 1118-1123) information theoretic...