177 citations · 551 across the 17 of their papers we have counts for
3 papers · 1 filter
Control of Dynamic Financial Networks (The Extended Version)
Giuseppe Calafiore, Giulia Fracastoro, Anton V. Proskurnikov
The current global financial system forms a highly interconnected network where a default in one of its nodes can propagate to many other nodes, causing a catastrophic avalanche ef…
Clearing Payments in Dynamic Financial Networks
Giuseppe C. Calafiore, Giulia Fracastoro, Anton V. Proskurnikov
This paper proposes a novel dynamical model for determining clearing payments in financial networks. We extend the classical Eisenberg-Noe model of financial contagion to multiple…
Optimal Clearing Payments in a Financial Contagion Model
Giuseppe Calafiore, Giulia Fracastoro, Anton V. Proskurnikov
Financial networks are characterized by complex structures of mutual obligations. These obligations are fulfilled entirely or in part (when defaults occur) via a mechanism called c…