With the digital transformation of commercial banks and the online transfer of credit
transactions, the relationship between credit subjects tends to be complex, and personal …

We propose a network-based structural model of credit risk to demonstrate how idiosyncratic
and systemic shocks propagate across the banking system and evaluate the costs. The …

Large-scale transitions in societies are associated with both individual behavioural change
and restructuring of the social network. These two factors have often been considered …

In this paper, we construct a structural model of credit risk in order to examine how different
magnitudes of exogenous shocks to bank loans propagate across the network. We also …

Social networks play a crucial role in diffusing information, influencing individuals'
behaviour, and affecting the stability of economic expectations. However, the effects of social …

The chapter is a simulation-based survey that applies an interaction-based approach to
examine portfolio selection as a multi-period choice problem under uncertainty. The model …

Portfolio selection in this paper is done in an agent-based setting with individuals
communicating through the social network. We explained why different individuals possess …

We construct a structural model of credit risk to examine the relationship between bank
balance sheet diversification and bank capital in terms of the stability of the banking system …