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A theoretical framework for simulating systemic risk and its application to analysis of the banking system

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Risk of basic defaults and contagious defaults are two main sources of bank systemic risk. In this paper. a theoretical framework is proposed to classify the time evolution of the basic defaults and contagious defaults using sequences of daily financial data. The new theoretical framework combines an existing asset value estimation algorithm and obligation clearing algorithm to calcul... https://foldlyers.shop/product-category/ultrasonic/
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