English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools annual

Global: Zendy Free Plan

Global: Zendy Tools monthly

Global: Zendy Plus monthly

Banks and financial institutions are linked by financial obligations that form complex networks. These networks serve risk sharing purposes and become channels of contagion in the event of liquidity and insolvency shocks. The consequent processes of loss diffusion are usually non-linear and, in some cases, exhibit phase transitions from situations in which there is no default contagion to systemic crisis that involve the entire network. In this paper, I discuss the results of recent numerical simulations of contagion processes in financial networks that present some unexpected linearities.

Linearities, Non-Linearities and Phase Transitions in Loss Diffusion Processes in Financial Networks