BENC seminar, 11 February, 2016, 4:30pm, DUBS

Speaker: Dr. Syngjoo Choi, University of College London  

Title: Financial Contagion in Networks: An Experiment 

Date & Time: 11 February (Thursday), 4:30-5:45 PM

Venue:  Durham University Business School, MHL 240  

Abstract:

We report an experiment on systemic risks in financial networks and investigate the roles of network and information structures on contagion and price formation. It applies double auction institutions to the context of financial networks in which market participants are linked to one another via short-term debts and susceptible to counterparty risk. Network structure has substantial impacts on contagion and price formation, whereas information structure plays a relative minor role. 

Last modified: Tue, 09 Feb 2016 12:21:46 GMT