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Intervention on default contagion under partial information in a financial network
We study the optimal interventions of a regulator (a central bank or government) on the illiquidity default contagion process in a large, heterogeneous, unsecured interbank lending market. The regulator has only partial information on the interbank connections and aims to minimize the fraction of fi...
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
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Public Library of Science
2019
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| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6333338/ https://www.ncbi.nlm.nih.gov/pubmed/30645587 http://dx.doi.org/10.1371/journal.pone.0209819 |