Systemic risk in banking ecosystems

Haldane, A. G., & May, R. M. (2011). Systemic risk in banking ecosystems. Nature, 469(7330), 351-355.

Type

Journal article

Intellectual base

Primary research

Year

2011

Volume

469

Issue

7330

Pages

351-355

DOI registrant

Springer Nature

Link

https://doi.org/10.1038/nature09659matched

Cited from

economics_finance

Cited by

1 citation across 1 artifact.

Each citation links to the sentence it supports in the citing article.

Primes

• Systemic Risk
  • Systemic risk denies exactly this: the property it names is emergent, arising from the interaction structure rather than from any node's condition.

    This sourceApplies tools from food-web ecology and epidemiology to banking, showing whole-system fragility emerging from interactions among individually optimized institutions; supports the emergence claim, the bidirectional cross-substrate transfer of reasoning, and the examples synthesis across finance, ecology, and epidemiology.

    Supported in partVerified against the publisher's abstract

    Abstract only: contrasts individually optimized institutions with whole-system stability and models financial networks, but never says systemic risk is emergent or excludes node conditions.

    “an increasingly elaborate set of financial instruments emerged, intended to optimize returns to individual institutions with seemingly minimal risk. Essentially no attention was given to their possible effects on the stability of the system as a whole. Drawing analogies with the dynamics of ecological food webs and with networks within which infectious diseases spread, we explore the interplay between complexity and …”

    Read by an automated reader; not a human review. How support was checked

Verification

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