Systemic Risk in Micro Llevel: The Case of “Cheques-as-Collateral” Network

Saturday, 22 October, 2011 - 13:00
University of the Aegean

In International Conference Rethinking Business and Business Education in the Age of Crisis, 20-22 October 2011, Chios Island, Greece

Air Force 270

Applied systemic approach in the banking sector: financial contagion in the “cheques-as-collateral” network

Friday, 6 May, 2011 - 11:00
Hotel Stratos Vassilikos

The global financial crisis that started in 2007 epitomized the role of strong financial ties as a carrier for propagation of shocks. The rapid viral spreading of the financial turmoil from the US sub-prime mortgage market to mammoth international financial institutions manifested that global economy is based on numerous, strong, unexplored and unanticipated interdependencies among networks in credit, trade, investment and supply chains.