Systemic financial risk
This report analyses the results of simulations using an agent based model of financial markets to show how excessive levels of leverage in financial markets can lead to a systemic crash. Investors overload on risky assets betting more than they have to gamble creating a tremendous level of vulnera...
| Autor principal: | |
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| Autor Corporativo: | |
| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Paris :
OECD
2011.
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| Colección: | OECD reviews of risk management policies,
OECD Reviews of Risk Management Policies, |
| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009705439206719 |
Tabla de Contenidos:
- Summary
- Social unrest and agent based models
- Outlook
- Evolutionary pressure for increasing leverage
- Introduction
- A simple agent based model of financial markets
- Leverage and systemic risk
- Implications
- How leverage increases volatility
- Executive summary
- Foreword.
