Stability analysis of the banking system: a complex systems approach
| Autor: | Marina V. Melnichuk, Grzegorz Mentel, Timur Guev, Alan K. Karaev |
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| Rok vydání: | 2017 |
| Předmět: |
Economics and Econometrics
Hardware_MEMORYSTRUCTURES Computer science banking and finance Stability (learning theory) Complex system lcsh:International relations 01 natural sciences financial contagion System a 010305 fluids & plasmas Control theory 0103 physical sciences Political Science and International Relations complex systems network approach 010306 general physics lcsh:JZ2-6530 financial stability |
| Zdroj: | Journal of International Studies, Vol 10, Iss 3 (2017) |
| ISSN: | 2306-3483 2071-8330 |
| Popis: | The present work deals with the stability analysis of a banking system with the structure in the form of Apollonian graph based on such characteristics of the banking system as the modularity and inhomogeneous distribution of banks by degree, on the basis of the extended mean-field Nier model (a static approach based on a simplified balance sheet of assets and liabilities of the bank) which was used to analyze the extent of the process of bankruptcy of banks after the default of one of the banks in the banking system. The obtained results of research of stability of banking systems based on the Apollonian graphs indicate that such characteristics as modularity (i.e. clustering), and the heterogeneity of banks in the structure of the model of banking systems allow them to conform «isomorphous structure» typical of the majority of real social and biological complex adaptive systems. |
| Databáze: | OpenAIRE |
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