- Home
- Research Areas
- Publications
- Presentations
- CV
- Research Activities
- Teaching
- Log In
Authors: Grilli, Ruggero, Iori, Giulia, Stamboglis, Niccol and Tedeschi, Gabriele
Journal: Introduction to Agent-Based Economics, Chapter 10, Edited by Mauro Gallegati, Antonio Palestrini, Alberto Russo, Elsevier
Year: 2017
Status: Book Chapters
Abstract: The aim of this chapter is to review the literature on credit market models by emphasizing the mechanisms able to generate financial crises and contagion. From the theoretical microeco- nomic literature up to network theory and agent-based methodologies, we illustrate how these different approaches investigate the (in)stability of financial systems. Although very different, these methodologies emphasize the importance of a careful analysis of the interaction among heterogeneous agents which is recognized as the key element in explaining real and financial cycles.
Link: https://doi.org/10.1016/B978-0-12-803834-5.00013-8
Back