haku: @author Eisenberg, L. / yhteensä: 1
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Tekijä: | Eisenberg, L. Noe, T. H. |
Otsikko: | Systemic risk in financial systems |
Lehti: | Management Science
2001 : FEB, VOL. 47:2, p. 236-249 |
Asiasana: | DEFAULTS FINANCIAL RISK FINANCIAL SERVICES |
Kieli: | eng |
Tiivistelmä: | 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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