A biological approach for financial network contagion based on the Susceptible - Infected - Recovered (SIR) model

Eloy Fisher

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dc.creator	Eloy Fisher
dc.date	2013
dc.date.accessioned	2022-03-22T18:48:27Z
dc.date.available	2022-03-22T18:48:27Z
dc.identifier	http://www.redalyc.org/articulo.oa?id=41331033006
dc.identifier.uri	http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/94662
dc.description	We will present the purpose, structure and prospective extensions of the Susceptible InfectedRecovered ( sir ) Approach for Financial Network Contagion Model (version 2, finsir for short) for NetLogo version 4.1.2. This model seeks to model the behavior and dynamics of Credit Default Swaps ( cds ) markets. After framing the finsir model, its agents, variables and interactions within a broader set of questions regarding financial markets and the current literature, within this highly restrictive toy computational model, we find that shocks in this financial market exhibit complex evolutionary dynamics that either tend to increasingly fragile states or the elimination of a high number of competitors, in detriment to a more decentralized market order. Given the current incompleteness of the model, we must acknowledge that some of the design assumptions will be approximate and tentative.
dc.format	application/pdf
dc.language	en
dc.publisher	Universidad Autónoma Metropolitana Unidad Azcapotzalco
dc.relation	http://www.redalyc.org/revista.oa?id=413
dc.rights	Análisis Económico
dc.source	Análisis Económico (México) Num.69 Vol.XXVIII
dc.subject	Economía y Finanzas
dc.subject	Financial crises
dc.subject	Epidemiological models of financial networks
dc.subject	Agent-based modeling
dc.subject	Credit Default Swaps
dc.title	A biological approach for financial network contagion based on the Susceptible - Infected - Recovered (SIR) model
dc.type	artículo científico