Understanding the Linkage of Public and Private Risk in the Global Economy
Grant number: DE150100708 | Funding period: 2015 - 2017
This project aims to develop a richly detailed model of the global financial system including both public and private institutions. By treating the system as a network of interconnected entities, this project aims to introduce new techniques to map and to trace the evolution of risk in the financial system, to forecast the spillover of risk between entities in the system, and to conduct counterfactual analysis of potential policy measures. This project will investigate the link between spillover intensity and the existing research on extreme events in financial data. By studying how the recent crisis spread through the global financial system, this project aims to enhance our ability to fore..View full description
Related publications (3)
On the International Spillover Effects of Country-Specific Financial Sector Bailouts and Sovereign Risk Shocks*
Matthew Greenwood-Nimmo, Viet Hoang Nguyen, Eliza Wu
We use sign-identified macroeconomic models to study the interaction of financial sector and sovereign credit risks in Europe. We ..