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Advances in Network Analysis and its Applications pp 3–26Cite as

Mathematical Modeling of Systemic Risk

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Part of the book series: Mathematics in Industry ((MATHINDUSTRY,volume 18))

Abstract

Since the onset of the financial crisis in 2007, more than 370 of the almost 8,000 US banks insured by the Federal Deposit Insurance Corporation have failed. By comparison, between 2000 and 2004 there were around 30 failures and no failures occurred between 2005 and the beginning of 2007.

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Acknowledgements

We would like to thank Rama Cont and Damir Filipović for helpful comments and discussions that improved the presentation of this chapter. Andreea Minca would like to thank the Natixis Foundation for Quantitative Research who supported this work. Hamed Amini gratefully acknowledges financial support from the Austrian Science Fund (FWF) though project P21709.

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Authors and Affiliations

  1. EPFL, Lausanne, Switzerland

    Hamed Amini

  2. ORIE Department, Cornell University, Ithaca, NY, USA

    Andreea Minca

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  1. Hamed Amini
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  2. Andreea Minca
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Correspondence to Andreea Minca .

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  1. , School of Computer Science, Carleton University, Colonel By Drive 1125, Ottawa, K1S 5B6, Ontario, Canada

    Evangelos Kranakis

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Amini, H., Minca, A. (2012). Mathematical Modeling of Systemic Risk. In: Kranakis, E. (eds) Advances in Network Analysis and its Applications. Mathematics in Industry, vol 18. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-30904-5_1

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