search query: @author Noe, T. H. / total: 10
reference: 5 / 10
Author: | Eisenberg, L. Noe, T. H. |
Title: | Systemic risk in financial systems |
Journal: | Management Science
2001 : FEB, VOL. 47:2, p. 236-249 |
Index terms: | DEFAULTS FINANCIAL RISK FINANCIAL SERVICES |
Language: | eng |
Abstract: | The authors consider default by firms that are part of single clearing mechanisms. The obligations of all firms within the system are determined simultaneously in a fashion consistent with the priority of debt claims and the limited liability of equity. |
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