51 citations · 84 across the 12 of their papers we have counts for
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q-fin.GN2013
A primer on reflexivity and price dynamics under systemic risk
Tom Fischer
A simple quantitative example of a reflexive feedback process and the resulting price dynamics after an exogenous price shock to a financial network is presented. Furthermore, an o…
q-fin.RM2013★ 3 cited
Cross-Ownership as a Structural Explanation for Over- and Underestimation of Default Probability
Sabine Karl, Tom Fischer
Based on the work of Suzuki (2002), we consider a generalization of Merton's asset valuation approach (Merton, 1974) in which two firms are linked by cross-ownership of equity and…