Resolution rules in a system of financially linked firms
Author
Abstract
Suggested Citation
Note: View the original document on HAL open archive server: https://hal.science/hal-02502413
Download full text from publisher
References listed on IDEAS
- Péter Csóka & P. Jean-Jacques Herings, 2021.
"An Axiomatization of the Proportional Rule in Financial Networks,"
Management Science, INFORMS, vol. 67(5), pages 2799-2812, May.
- Csoka, Péter & Herings, P. Jean-Jacques, 2017. "An Axiomatization of the Proportional Rule in Financial Networks," Research Memorandum 001, Maastricht University, Graduate School of Business and Economics (GSBE).
- Peter Csoka & P. Jean-Jacques Herings, 2017. "An Axiomatization of the Proportional Rule in Financial Networks," CERS-IE WORKING PAPERS 1701, Institute of Economics, Centre for Economic and Regional Studies.
- Frankel, David M. & Volij, Oscar, 2011.
"Measuring school segregation,"
Journal of Economic Theory, Elsevier, vol. 146(1), pages 1-38, January.
- Frankel, David M. & Volij, Oscar, 2010. "Measuring School Segregation," Staff General Research Papers Archive 31808, Iowa State University, Department of Economics.
- Frankel, David M. & Volij, Oscar, 2010. "Measuring school segregation," ISU General Staff Papers 201008040700001130, Iowa State University, Department of Economics.
- Frankel, David M. & Volij, Oscar, 2011. "Measuring school segregation," ISU General Staff Papers 201101010800001040, Iowa State University, Department of Economics.
- Frankel, David M. & Volij, Oscar, 2011. "Measuring School Segregation," Staff General Research Papers Archive 35115, Iowa State University, Department of Economics.
- Michel L. Balinski & Gabrielle Demange, 1989. "Algorithm for Proportional Matrices in Reals and Integers," Post-Print halshs-00585327, HAL.
- M. L. Balinski & G. Demange, 1989.
"An Axiomatic Approach to Proportionality Between Matrices,"
Mathematics of Operations Research, INFORMS, vol. 14(4), pages 700-719, November.
- Michel L. Balinski & Gabrielle Demange, 1989. "An Axiomatic Approach to Proportionality between Matrices," Post-Print hal-00686748, HAL.
- Gabrielle Demange & Michel L. Balinski, 1989. "An Axiomatic Approach to Proportionality between Matrices," Post-Print halshs-00670952, HAL.
- Upper, Christian, 2011. "Simulation methods to assess the danger of contagion in interbank markets," Journal of Financial Stability, Elsevier, vol. 7(3), pages 111-125, August.
- Moulin, Hervé, 2016. "Entropy, desegregation, and proportional rationing," Journal of Economic Theory, Elsevier, vol. 162(C), pages 1-20.
- Mirjam Groote Schaarsberg & Hans Reijnierse & Peter Borm, 2018. "On solving mutual liability problems," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 87(3), pages 383-409, June.
- Thomson, William, 2003. "Axiomatic and game-theoretic analysis of bankruptcy and taxation problems: a survey," Mathematical Social Sciences, Elsevier, vol. 45(3), pages 249-297, July.
- Aumann, Robert J. & Maschler, Michael, 1985. "Game theoretic analysis of a bankruptcy problem from the Talmud," Journal of Economic Theory, Elsevier, vol. 36(2), pages 195-213, August.
- Stutzer, Michael, 2018. "The bankruptcy problem in financial networks," Economics Letters, Elsevier, vol. 170(C), pages 31-34.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Gabrielle Demange, 2021.
"On the resolution of cross-liabilities,"
Working Papers
halshs-03151128, HAL.
- Gabrielle Demange, 2024. "On the resolution of cross-liabilities," PSE-Ecole d'économie de Paris (Postprint) halshs-04156110, HAL.
- Gabrielle Demange, 2024. "On the resolution of cross-liabilities," Post-Print halshs-04156110, HAL.
- Gabrielle Demange, 2021. "On the resolution of cross-liabilities," PSE Working Papers halshs-03151128, HAL.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Gabrielle Demange, 2021.
"On the resolution of cross-liabilities,"
PSE Working Papers
halshs-03151128, HAL.
- Gabrielle Demange, 2021. "On the resolution of cross-liabilities," Working Papers halshs-03151128, HAL.
- Gabrielle Demange, 2024. "On the resolution of cross-liabilities," PSE-Ecole d'économie de Paris (Postprint) halshs-04156110, HAL.
- Gabrielle Demange, 2024. "On the resolution of cross-liabilities," Post-Print halshs-04156110, HAL.
- Moulin, Herve, 2017. "Consistent bilateral assignment," Mathematical Social Sciences, Elsevier, vol. 90(C), pages 43-55.
- Martijn Ketelaars & Peter Borm & Marieke Quant, 2020.
"Decentralization and mutual liability rules,"
Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 92(3), pages 577-599, December.
- Ketelaars, Martijn & Borm, Peter & Quant, Marieke, 2019. "Decentralization and mutual liability rules," Other publications TiSEM fa745b4f-f959-41d0-8c9f-0, Tilburg University, School of Economics and Management.
- Ketelaars, Martijn & Borm, Peter & Quant, Marieke, 2019. "Decentralization and mutual liability rules," Discussion Paper 2019-035, Tilburg University, Center for Economic Research.
- Ketelaars, Martijn & Borm, Peter, 2021.
"On the Unification of Centralized and Decentralized Clearing Mechanisms in Financial Networks,"
Discussion Paper
2021-015, Tilburg University, Center for Economic Research.
- Ketelaars, Martijn & Borm, Peter, 2021. "On the Unification of Centralized and Decentralized Clearing Mechanisms in Financial Networks," Other publications TiSEM 12e804bf-7091-4cf7-afd6-a, Tilburg University, School of Economics and Management.
- Péter Csóka & P. Jean-Jacques Herings, 2021.
"An Axiomatization of the Proportional Rule in Financial Networks,"
Management Science, INFORMS, vol. 67(5), pages 2799-2812, May.
- Csoka, Péter & Herings, P. Jean-Jacques, 2017. "An Axiomatization of the Proportional Rule in Financial Networks," Research Memorandum 001, Maastricht University, Graduate School of Business and Economics (GSBE).
- Peter Csoka & P. Jean-Jacques Herings, 2017. "An Axiomatization of the Proportional Rule in Financial Networks," CERS-IE WORKING PAPERS 1701, Institute of Economics, Centre for Economic and Regional Studies.
- Calleja, Pedro & Llerena, Francesc, 2024. "Proportional clearing mechanisms in financial systems: An axiomatic approach," Journal of Mathematical Economics, Elsevier, vol. 111(C).
- Moulin, Hervé, 2016. "Entropy, desegregation, and proportional rationing," Journal of Economic Theory, Elsevier, vol. 162(C), pages 1-20.
- Karol Flores-Szwagrzak & Jaume García-Segarra & Miguel Ginés-Vilar, 2020. "Priority and proportionality in bankruptcy," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 54(4), pages 559-579, April.
- Pedro Calleja & Francesc Llerena, 2023. "Proportional clearing mechanisms in financial systems: an axiomatic approach," UB School of Economics Working Papers 2023/442, University of Barcelona School of Economics.
- Csóka, Péter, 2017. "Az arányos csődszabály karakterizációja körbetartozások esetén [The characterization of the proportional rule in the case of circular liabilities]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 930-942.
- Mirjam Groote Schaarsberg & Hans Reijnierse & Peter Borm, 2018. "On solving mutual liability problems," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 87(3), pages 383-409, June.
- Emin Karagözoğlu, 2014.
"A noncooperative approach to bankruptcy problems with an endogenous estate,"
Annals of Operations Research, Springer, vol. 217(1), pages 299-318, June.
- Karagozoglu, E., 2008. "A noncooperative approach to bankruptcy problems with an endogeneous estate," Research Memorandum 031, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- Karagozoglu, E., 2010. "A noncooperative approach to bankruptcy problems with an endogenous estate," Research Memorandum 027, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- Ketelaars, Martijn & Borm, Peter & Herings, P.J.J., 2023.
"Duality in Financial Networks,"
Other publications TiSEM
26750293-9599-4e05-9ae1-8, Tilburg University, School of Economics and Management.
- Ketelaars, Martijn & Borm, Peter & Herings, P.J.J., 2023. "Duality in Financial Networks," Discussion Paper 2023-016, Tilburg University, Center for Economic Research.
- Erlanson, Albin & Szwagrzak, Karol, 2013.
"Strategy-Proof Package Assignment,"
Working Papers
2013:43, Lund University, Department of Economics.
- Erlanson, Albin & Szwagrzak, Karol, 2014. "Strategy-proof package assignment," Discussion Papers on Economics 5/2014, University of Southern Denmark, Department of Economics.
- Peter Knudsen & Lars Østerdal, 2012.
"Merging and splitting in cooperative games: some (im)possibility results,"
International Journal of Game Theory, Springer;Game Theory Society, vol. 41(4), pages 763-774, November.
- Peter Holch Knudsen & Lars Peter Østerdal, 2005. "Merging and Splitting in Cooperative Games: Some (Im-)Possibility Results," Discussion Papers 05-19, University of Copenhagen. Department of Economics.
- Demange, Gabrielle, 2012.
"On party-proportional representation under district distortions,"
Mathematical Social Sciences, Elsevier, vol. 63(2), pages 181-191.
- Gabrielle Demange, 2011. "On party-proportional representation under district distortions," PSE Working Papers halshs-00623031, HAL.
- Gabrielle Demange, 2012. "On party-proportional representation under district distortions," PSE-Ecole d'économie de Paris (Postprint) halshs-00670843, HAL.
- Gabrielle Demange, 2012. "On party-proportional representation under district distortions," Post-Print halshs-00670843, HAL.
- Gabrielle Demange, 2011. "On party-proportional representation under district distortions," Working Papers halshs-00623031, HAL.
- Cano Berlanga, Sebastian & Giménez Gómez, José M. (José Manuel) & Vilella Bach, Misericòrdia, 2015. "Enjoying cooperative games: The R package GameTheory," Working Papers 2072/247653, Universitat Rovira i Virgili, Department of Economics.
- Juarez, Ruben & Ko, Chiu Yu & Xue, Jingyi, 2018.
"Sharing sequential values in a network,"
Journal of Economic Theory, Elsevier, vol. 177(C), pages 734-779.
- Juarez, Ruben & Ko, Chiu Yu & Xue, Jingyi, 2016. "Sharing Sequential Values in a Network," Economics and Statistics Working Papers 3-2017, Singapore Management University, School of Economics.
- Wulf Gaertner & Richard Bradley & Yongsheng Xu & Lars Schwettmann, 2019. "Against the proportionality principle: Experimental findings on bargaining over losses," PLOS ONE, Public Library of Science, vol. 14(7), pages 1-18, July.
- Erik Ansink & Hans-Peter Weikard, 2012.
"Sequential sharing rules for river sharing problems,"
Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 38(2), pages 187-210, February.
- Erik Ansink & Hans-Peter Weikard, 2009. "Sequential Sharing Rules for River Sharing Problems," Working Papers 2009.114, Fondazione Eni Enrico Mattei.
More about this item
Keywords
bankruptcy; entropy; cross-liabilities; defaults; central counter-party;All these keywords.
NEP fields
This paper has been announced in the following NEP Reports:- NEP-GTH-2020-03-30 (Game Theory)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:wpaper:hal-02502413. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.