Economics, Econometrics and Finance
a year ago

Debt Defaults Reshape Financial Networks, Exposing Vulnerabilities

Procedia Computer Science
The impact of default on the evolving dynamic networks of debtor-creditor relationships
Yan Zhang, Lin Chen

Paper Summary

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The study looked at how debtor-creditor relationships form networks. They found that these networks follow a specific pattern, even when defaults happen. The way defaults affect the network is by changing how the connections are distributed. This research helps us understand how complex networks work in real-life situations.