88 citations · 88 across the 2 of their papers we have counts for
2 papers
physics.soc-ph2022
Financial fire sales as continuous-state complex contagion
Tomokatsu Onaga, Fabio Caccioli, Teruyoshi Kobayashi
Trading activities in financial systems create various channels through which systemic risk can propagate. An important contagion channel is financial fire sales, where a bank fail…
q-fin.GN2015★ 88 cited
Cascades in multiplex financial networks with debts of different seniority
Charles D. Brummitt, Teruyoshi Kobayashi
The seniority of debt, which determines the order in which a bankrupt institution repays its debts, is an important and sometimes contentious feature of financial crises, yet its i…