A multiplex financial network approach to policy evaluation: the case of euro area Quantitative Easing.

ABSTRACT: Over the last decades, both advanced and emerging economies have experienced a striking increase in the intra-financial activity across different asset classes and increasingly complex contract types, leading to a far more complex financial system. Until the 2007-2008 crisis, the increased financial intensity and complexity was believed beneficial in making the financial system more resilient and less vulnerable to shocks. However, in 2007-2008, the advanced economies suffered the biggest financial crisis since the 1930s, followed by a severe post-crisis recession, questioning the adequacy of traditional tools in predicting, explaining, and responding to periods of financial distress. In particular, the effect of complex interconnections among financial actors on financial stability has be

SUBMITTER: Perillo C 

PROVIDER: S-EPMC6245238 | biostudies-literature | 2018

REPOSITORIES: biostudies-literature