Network Theory & Financial Risk | Kimmo Soramäki & Samantha Cook

Can you see new threats, systemic shocks, the next crisis?

Kimmo Soramäki and Samantha Cook walk you through network theory and analysis to help understand and overcome the risks associated with payment systems, exposure networks, trade networks and asset correlation networks.

“The global financial crisis drove home the limitations of traditional statistical analysis to identify systemic risks, stemming from structural weaknesses. Many observers have come to realise that economic and financial markets are complex, highly interconnected, dynamic, adaptive systems. Network analysis is increasingly seen as an important tool for categorising and tracking the key characteristics of such systems, and for identifying areas of potential vulnerability. Network Theory and Financial Risk is a timely introduction to this essential topic. While not for the mathematically faint of heart, it will serve as a vital resource for those seeking solid technical grounding in this area for many years to come.”

David M. Rowe, PhD, president of the David M. Rowe Risk Advisory and long-time risk analysis columnist for Risk magazine.

 

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