论文标题
金融系统中的系统性风险：平衡的特性
Systemic Risk in Financial Systems: Properties of Equilibria
论文作者
论文摘要
Eisenberg and Noe（2001）分析了由负债网络联系的金融机构的系统性风险。他们表明，当金融体系满足涉及风险轨道的规律性条件时，其模型的解决方案是独一无二的。我们证明不需要这种情况：始终存在一个独特的解决方案。
Eisenberg and Noe (2001) analyze systemic risk for financial institutions linked by a network of liabilities. They show that the solution to their model is unique when the financial system is satisfies a regularity condition involving risk orbits. We show that this condition is not needed: a unique solution always exists.
