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.